Indias policy barriers hurting imports from USA: USITC
USA's exports to and investment in India could increase by up to 66% without trade and non-trade barriers, according to a new report commissioned by the House Committee on Ways and Means and the Senate Committee on Finance Bidhu Bhushan Palo | The Dollar Business Ahead of President Barack Obamas visit to India next month and amid hectic consultations on Indo-US trade, the U.S. International Trade Commission (USITC) has released a new report which claims that Indias imports from USA have remained much below potential mainly due to policy barriers in India. India runs a trade surplus of around $16.6 billion with USA, but this could shrink to a mere $2 billion, if India takes corrective steps, says the USITC in its ...
India should reduce import tariffs: USTR
Neha Dewan | @TheDollarBiz USA is a top export destination for India and accounts for around 8% of India's total trade The US Trade Representative (USTR), Ambassador Michael Froman, has urged the Indian government to review its Intellectual Property Rights (IPR) as concerns over IPR violations threaten to disrupt India’s exports to USA. Ambassador Froman is in India for the US-India Trade Policy Forum which he co-chaired with India’s Commerce Minister Nirmala Sitharaman on November 25, 2014. During the forum, Ambassador Froman urged the Indian government to reduce import tariffs for off-patent drugs, and allow US companies to participate in India’s public solar energy and health insurance programmes. Last month, the USTR had initiated an Out-of-Cycle Review (OCR) of India ...
