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International News:Make in India’ initiative epitomises challenges in bilateral trade relationship says US report

International News:Make in India’ initiative epitomises challenges in bilateral trade relationship says US report

According to the US Trade Representative’s 2021 report, America has been trying to resolve longstanding market access impediments affecting its exporters with India since 2019.

The Biden administration has told the US Congress that India’s recent emphasis on import substitution through the ‘Make in India’ campaign has “epitomised” the challenges facing the bilateral trade relationship.

A United States report has said that the Indian government’s emphasis on import substitution through its “Make in India” initiative has “epitomised the challenges” in bilateral trade relationship. The report also called India’s policies “trade-restrictive”.

2021 trade policy agenda Report:

india

In its “2021 Trade Policy Agenda and 2020 Annual Report” submitted to US Congress on Monday, the United States trade representative said that America tried to resolve the “long-standing market access impediments affecting US exporters” with India during 2020.

The report said that the former Donald Trump administration suspended India’s eligibility under the Generalized System of Preferences after a review following concerns of New Delhi’s compliance with the programme’s market access criterion. Under the Generalized System of Preferences, or GSP, programme, certain products can enter the US duty-free if the beneficiary developing countries meet the eligibility criteria established by its Congress.

In its report, the Joe Biden administration said following the suspension of the GSPO benefits, India and the US worked towards creating a package and this continued through 2020. “US objectives in this negotiation included resolution of various non-tariff barriers, targeted reduction of certain Indian tariffs, and other market access improvements,” it said.

Bilateral trade relationship:

us

“Recent Indian emphasis on import substitution through a “Make in India” campaign has epitomized the challenges facing the bilateral trade relationship,” it said.

In its trade agenda for 2021, Washington said that the recent Indian emphasis on import substitution through the Make in India campaign has “epitomized the challenges” facing the bilateral trade relationship though India’s large market and economic growth make it “an essential market” for many American exporters.

“The United States also engaged with India on an ongoing basis throughout 2020 in response to specific concerns affecting the full range of pressing bilateral trade issues, including intellectual property (IP) protection and enforcement, policy development affecting electronic commerce and digital trade, and market access for agricultural and non-agricultural goods and services,” USTR said.

“While India’s large market, economic growth, and progress towards development make it an essential market for many US exporters, a general and consistent trend of trade-restrictive policies have inhibited the potential of the bilateral trade relationship,” the report said. “Recent Indian emphasis on import substitution through a ‘Make in India’ campaign has epitomized the challenges facing the bilateral trade relationship.”

India’s barriers to US manufactured goods exports, including medical devices and high-technology products were also taken up last year, according to the report.

The Biden administration has told the US Congress that India’s recent emphasis on import substitution through the ‘Make in India’ campaign has “epitomised” the challenges facing the bilateral trade relationship.

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Latest News & Updates

According to the US Trade Representative’s 2021 report, America has been trying to resolve longstanding market access impediments affecting its exporters with India since 2019.

The Biden administration has told the US Congress that India’s recent emphasis on import substitution through the ‘Make in India’ campaign has “epitomised” the challenges facing the bilateral trade relationship.

A United States report has said that the Indian government’s emphasis on import substitution through its “Make in India” initiative has “epitomised the challenges” in bilateral trade relationship. The report also called India’s policies “trade-restrictive”.

2021 trade policy agenda Report:

india

In its “2021 Trade Policy Agenda and 2020 Annual Report” submitted to US Congress on Monday, the United States trade representative said that America tried to resolve the “long-standing market access impediments affecting US exporters” with India during 2020.

The report said that the former Donald Trump administration suspended India’s eligibility under the Generalized System of Preferences after a review following concerns of New Delhi’s compliance with the programme’s market access criterion. Under the Generalized System of Preferences, or GSP, programme, certain products can enter the US duty-free if the beneficiary developing countries meet the eligibility criteria established by its Congress.

In its report, the Joe Biden administration said following the suspension of the GSPO benefits, India and the US worked towards creating a package and this continued through 2020. “US objectives in this negotiation included resolution of various non-tariff barriers, targeted reduction of certain Indian tariffs, and other market access improvements,” it said.

Bilateral trade relationship:

us

“Recent Indian emphasis on import substitution through a “Make in India” campaign has epitomized the challenges facing the bilateral trade relationship,” it said.

In its trade agenda for 2021, Washington said that the recent Indian emphasis on import substitution through the Make in India campaign has “epitomized the challenges” facing the bilateral trade relationship though India’s large market and economic growth make it “an essential market” for many American exporters.

“The United States also engaged with India on an ongoing basis throughout 2020 in response to specific concerns affecting the full range of pressing bilateral trade issues, including intellectual property (IP) protection and enforcement, policy development affecting electronic commerce and digital trade, and market access for agricultural and non-agricultural goods and services,” USTR said.

“While India’s large market, economic growth, and progress towards development make it an essential market for many US exporters, a general and consistent trend of trade-restrictive policies have inhibited the potential of the bilateral trade relationship,” the report said. “Recent Indian emphasis on import substitution through a ‘Make in India’ campaign has epitomized the challenges facing the bilateral trade relationship.”

India’s barriers to US manufactured goods exports, including medical devices and high-technology products were also taken up last year, according to the report.

The Biden administration has told the US Congress that India’s recent emphasis on import substitution through the ‘Make in India’ campaign has “epitomised” the challenges facing the bilateral trade relationship.

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