NEW DELHI: The Trump management has warned India that it would be compelled to take “further action” towards the rustic over its “unfair” trade practices as the 2 countries have made “no headway” on these issues.
The warning from US trade consultant Robert Lighthizer came days after President Donald Trump introduced that the United States would finish its preferential trade remedy for India on June five.
India has been the single greatest beneficiary of the United States Generalized System of Preferences programme, allowing it to export $five.7 billion price of duty-free goods in 2017, according to US Congress knowledge.
“We have spent numerous time being worried about India... now we have a chain of issues of them, that we’ve raised over a duration of months,” Lighthizer said.
Indian economic system heavily regulated, says USTR
US trade consultant Robert Lighthizer feedback came forward of US secretary of state Mike Pompeo's discuss with to India from June 25-27.
During a Congressional hearing, Lighthizer told the contributors of the House Ways and Means Committee that the Trump management over the past few months did a assessment of GSP, and then President Donald Trump decided to take the GSP away. “...we made literally no headway at the issues over the process months and months and months,” he said.
“We are taking a look at a lot of other unfair movements (through India) that may provoke us to take every other further action,” Lighthizer said, responding to a query from Republican Congressman George Holding. “They have a new govt now. Obviously it is the same leader, but a new govt...And I will talk to him in the following couple of days. My hope (is that) we will be able to jumpstart and make some headway,” Lighthizer said.
At the same time, he alleged that India has about the “best price lists of any nation you'll be able to imagine” on the planet. “They have an excessively standing roughly an economic system. It’s very heavily regulated. They have created issues within the digital area, within the agriculture area, in regular manufacturing. I imply in retail, simply across the board,” he said. Lighthizer was responding to a query from Congressman Holding.
The warning from US trade consultant Robert Lighthizer came days after President Donald Trump introduced that the United States would finish its preferential trade remedy for India on June five.
India has been the single greatest beneficiary of the United States Generalized System of Preferences programme, allowing it to export $five.7 billion price of duty-free goods in 2017, according to US Congress knowledge.
“We have spent numerous time being worried about India... now we have a chain of issues of them, that we’ve raised over a duration of months,” Lighthizer said.
Indian economic system heavily regulated, says USTR
US trade consultant Robert Lighthizer feedback came forward of US secretary of state Mike Pompeo's discuss with to India from June 25-27.
During a Congressional hearing, Lighthizer told the contributors of the House Ways and Means Committee that the Trump management over the past few months did a assessment of GSP, and then President Donald Trump decided to take the GSP away. “...we made literally no headway at the issues over the process months and months and months,” he said.
“We are taking a look at a lot of other unfair movements (through India) that may provoke us to take every other further action,” Lighthizer said, responding to a query from Republican Congressman George Holding. “They have a new govt now. Obviously it is the same leader, but a new govt...And I will talk to him in the following couple of days. My hope (is that) we will be able to jumpstart and make some headway,” Lighthizer said.
At the same time, he alleged that India has about the “best price lists of any nation you'll be able to imagine” on the planet. “They have an excessively standing roughly an economic system. It’s very heavily regulated. They have created issues within the digital area, within the agriculture area, in regular manufacturing. I imply in retail, simply across the board,” he said. Lighthizer was responding to a query from Congressman Holding.
US warns India of more action against ‘unfair’ trade practices
![US warns India of more action against ‘unfair’ trade practices]()
Reviewed by Kailash
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June 22, 2019
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