What they see as India’s recent trend towards...
What they see as India’s recent trend towards trade and investment barriers -- disregarding intellectual property rights, barring market access and closing investment sectors -- represent a troubling trend the Obama administration should address at this week’s U.S.-India Strategic Dialogue,…
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35 members of the House Ways and Means Committee said in a Thursday letter to Obama and trade-related agency heads. The meeting provides a “timely opportunity to encourage India to pursue market-based policies and reforms instead of erecting barriers that hurt U.S. exporters, investors, and workers, as well as its own citizens,” the letter said. The administration should focus on reducing tariffs -- India’s are some of the highest in the world -- as well as reducing opaque, discriminatory procedures, the letter said. Such regulations include local content requirements on procurement of electronic goods.