Washington: An India-focused American commerce advocacy group has sought “really honest” bilateral commerce between the 2 international locations, days after India and the US carried out its Commerce Coverage Discussion board and Business Dialogue.
“A really honest and bilateral US-India commerce partnership would have the potential to reap monumental financial advantages for each international locations, together with elevated innovation and job creation,” the Alliance for Honest Commerce with India (AFTI) mentioned in an announcement on Monday.
“AFTI and its members welcome bilateral discussions between US and India to enhance and strengthen the international locations’ financial and commerce relationship. Nonetheless, neither the Commerce Coverage Discussion board nor the Business Dialogue resulted in particular concrete actions to deal with challenges for US companies and producers exporting to or working in India,” it mentioned.
US industries need to see a extra strong US-India business relationship and elevated US-India commerce, it added.
“Nevertheless it ‘should see concrete efforts to deal with points’ in India that restrict market entry and undermine their competitiveness, together with value controls, pressured localisation, technical limitations to commerce and mental property limitations,” it mentioned.
AFTI additionally mentioned it’s hopeful the Indian delegation’s want to work in direction of decision of the excellent points earlier than the following spherical of the TPF signifies an actual willingness to comply with concrete options that enhance market entry in India.
“We urge the US and Indian governments to proceed to work collectively and to behave swiftly to implement vital coverage reforms to strengthen the commerce relationship,” AFTI mentioned.