USIBC tells India & US to undo non-tariff barriers, red tape

“For years, US and Indian businesses have invested in each other’s countries without a formal investment or trade framework. India represents only 2.5 per cent of America’s trade volumes, and that number can and should increase substantially,” Keshap said in a statement.

“Now, both sides should work with focus to formalise a level-playing field, full and open market access, swift dispute arbitration, and predictable tax and regulatory policies to boost investment, growth and job creation in both countries,” he said.

“Now is the time for ambitious outcomes between Washington and Delhi,” he added.

ALCHEMPro News Desk (DS)