Obama Should Press India on Investment Barriers During Upcoming Summit, Say India Alliance
The U.S. should take advantage of a series of meetings with Indian officials to pressure the country to break down its barriers to foreign investment, said the Alliance for Fair Trade with India in a Sept. 22 letter (here) to…
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
President Barack Obama. The letter urged Obama to tackle Indian investment barriers during his tentatively-planned Sept. 28 meeting with Prime Minister Narendra Modi. “India must begin to put in place policies that provide legal and regulatory certainty for U.S. companies seeking to invest in the market,” said the letter. “Imposing barriers like forced localization measures, excessively high tariffs, and unnecessary regulations discourage globally competitive U.S. industries from participating fully in India's economy, which would enable these sectors to spur domestic growth.” U.S. Trade Representative Michael Froman met with the Indian Commerce Minister in recent days (see 1509210011). Lawmakers spelled out a range of problematic Indian trade barriers to Obama administration officials in the lead-up to U.S.-India Strategic and Commercial Dialogue on Sept. 22 in Washington (see 1509240029).