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US Comm Secy Rains Blows on India’s ‘Unfair’ Trade Policies

May 08, 2019 06:17 AM

courtesy  ET MAY 8

ECHOING PRESIDENT DONALD TRUMP’S AGGRESSIVE STANCE
US Comm Secy Rains Blows on India’s ‘Unfair’ Trade Policies
Cites high tariffs on US goods, ecomm FDI norms, data localisation rules among key irritants
Our Bureau

New Delhi:

US commerce secretary Wilbur Ross accused India of imposing restrictive trade policies that burden foreign companies, echoing President Donald Trump’s aggressive stance on the subject and his frequent complaints about tariffs on Harley-Davidson motorcycles.


“Our goal is to eliminate barriers to US companies operating here, including data-localisation restrictions that actually weaken data security and increase the cost of doing business,” Ross said at the ongoing Trade Winds Forum and Mission in the Capital on Tuesday.

Ross, who met PM Narendra Modi in the morning, said the US wanted India to eliminate trade barriers for American firms and remove restrictions related to data localisation. India insists that financial and other sensitive information about its citizens should be stored in the country.

“The (Indian) government understands what our position is on trade issues,” US ambassador Kenneth Juster said at the event.

“Currently, US businesses face significant market access barriers in India. These include both tariff and non-tariff barriers, as well as multiple practices and regulations that disadvantage foreign companies,” Ross said.

 
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