US-India told to address trade barriers
25/11/2014 16:33
According to media reports, 15 major American business organisations have called on India and the US to address lingering bilateral trade barriers which may help in boosting investment relations between two of the world’s major economies. The India-US Trade Policy Forum, in which government officials from both countries will come face to face to discuss ways to boost bilateral investment, will take place on Tuesday. The forum will be co-chaired by US Trade Representative Michael Froman and Indian Commerce and Industry Minister Nirmala Sitharaman.
Top American business organisations have urged Froman to take up specific issues in the forum related with current Indian policies such as high tariffs and discriminatory forced localisation policies, burdensome requirements on information and communication technology products.
However, American business groups have given thumps up to the measures taken to resolve the stalled WTO Trade Facilitation Agreement while urging strong action on many longstanding and new trade barriers.
“For the Trade Policy Forum to be meaningful, it must ultimately lead to concrete steps to improve the environment for businesses in the US that are exporting to and operating in India,” a statement quoting US business groups said.
25/11/2014 16:33
According to media reports, 15 major American business organisations have called on India and the US to address lingering bilateral trade barriers which may help in boosting investment relations between two of the world’s major economies. The India-US Trade Policy Forum, in which government officials from both countries will come face to face to discuss ways to boost bilateral investment, will take place on Tuesday. The forum will be co-chaired by US Trade Representative Michael Froman and Indian Commerce and Industry Minister Nirmala Sitharaman.
Top American business organisations have urged Froman to take up specific issues in the forum related with current Indian policies such as high tariffs and discriminatory forced localisation policies, burdensome requirements on information and communication technology products.
However, American business groups have given thumps up to the measures taken to resolve the stalled WTO Trade Facilitation Agreement while urging strong action on many longstanding and new trade barriers.
“For the Trade Policy Forum to be meaningful, it must ultimately lead to concrete steps to improve the environment for businesses in the US that are exporting to and operating in India,” a statement quoting US business groups said.
