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Revise trade laws, tariffs: US envoy to India

21
Aug '18
Revise trade laws, tariffs: US envoy to India
Urging India to rethink trade barriers, tariffs and regulations, US ambassador to India Kenneth Juster said both nations need to see trade ties as a key strategic element of their relations. He particularly spoke about barriers for the technology industry, including a Reserve Bank of India order asking technology companies to base all their servers in India.

He feels India carries a notion of being able to attract investment by creating higher tariffs or more regulation, or by directing resources in a certain direction, he said at a function in New Delhi recently.

Though there is a legitimate concern over data privacy, but laws should not be framed in a manner to make it tougher for India to turn a hub for technology companies, he cautioned, according to Indian media reports.

Indian media reports saw the US ambassador’s remarks as an indicator of trade issues being highlighted during next month’s ‘2+2’ ministerial engagement between both nations, despite the focus being the inaugural engagement of defence and foreign ministers from both sides. (DS)

Fibre2Fashion News Desk – India


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