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Submitted by:

Bindu Thushara.N

IGTC

August 23, 2013

US AND INDIA TRADE DEAL

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CONTENTS

Introduction

New US trade chief focused on India, striking deals

Angst over India

Negotiating agenda of US trade deals

References

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INTRODUCTION

The United States and India have engaged in bilateral inv

(BIT) negotiations since 2008, with the last round held in Jun

A high-standard BIT would deepen the bilateral economic r

support economic growth and job creation in both countr

look to working together to move forward on negotiations.

Since 2000, the Commercial Dialogue facilitates discueconomic topics such as standards for smart grids a

transportation systems, public awareness programs o

Property Rights, sustainable manufacturing practices, an

small and medium enterprises.

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Continued

The Trade Policy Forum (TPF) enables the United State

engage on a wide range of policy issues impacting bilat

investment.

As part of an ongoing commitment to strengthen this

governments plan to renew expert-level discussions

investment policy issues of interest to the two countries.

Through the Information and Communication Technology

(ICTWG), U.S. and Indian officials work to promote col

partnerships in a sector that is at the forefront of innovation

i d

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In September 2012, the U.S. Antitrust Agencies (Departmen

the Federal Trade Commission (FTC)) and the Indian Compe

(Ministry of Corporate Affairs and Competition Commission

signed a Memorandum of Understanding (MOU) on Antitru Under the MOU, all agencies plan to keep each othe

significant competition policy and enforcement develop

jurisdictions.

Vice President Joe Biden during his first visit to India spocountriesmutual desire to quadruple bilateral trade at a s

Delhi.

He also acknowledged a lot needed to be done to remove

and that India needed to address its inconsistenttax syste

to market access.

Continued

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NEW U.S. TRADE CHIEF FOCUSED ON INDIA,

DEALS Many concerns related to investments and innovations

surfaced lately. These have become a matter of focus for inv

countries.

New U.S. Trade Representative, Michael Froman spoke on

that expected growing trade problems with India to be a ma

tenure.

While discussing about the trade with India, he also spoke aprocedures with 11 other Asian countries and Europ

considering trade obligations of every country.

He stressed on the point that the American citizens should b

issues that countries negotiate in trade agreements and neg

US which is in the best interest of American workers, farmer

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ANGST OVER INDIA

Indias compulsory licensing policy created repercussio

business groups and members of the congress appeal and u

government to take strict action onIndias

trade linecompulsory licensing policies of India that attracted adv

reactions;

U.S. drugs patent suspension

Barriers to U.S. agricultural exports

Restrictions on foreign investment Local content policies that discriminate against foreign g

Froman who was Obama's chief international economic affa

said that he would raise the issues in Washington at a

Summit and potentially in a future meeting of the U.S.-Ind

Forum.

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Considering many U.S. companies benefited from

Generalized System of Preferences program, which he

countries export goods to the United States, since it production costs by waiving duties on imports, Froman d

the advise of few lawmakers to remove India from this prog

Froman visited Indian Commerce and Industry Minister Ana

both the ministers agreed on the importance of a strong, r

sustained dialogue on trade and investment issues bet

governments.

In raising issues of interest to the US, Froman quote

Preferential Market Access policy is to be reviewed and mod

Continued

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The ministers also discussed the importance of a posit

climate for all sectors, including green technology, pharm

information technology, and agreed to continue these dis

the framework of the Trade Policy Forum.

He expressed US concern regarding the recent developm

climate for innovation and protection of intellectual pro

goods and services.

Dealing with the oppositions raising among the lawmake

men, Froman said that scenario has to be carefully disc

congress men considering the bilateral agreement the coun

Continued

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NEGOTIATING AGENDA OF US TRADE D

The United States hopes to wrap up trade talks with Japa

countries in the Asia-Pacific region by the end of the year an

first round of talks on a proposed U.S.-EU agreement the we

Finishing talks on the proposed Trans-Pacific Partnersh

December 31.

One of the TPP countries ,Vietnam complained that the Uncontinuing to shield the U.S. textile industry from subs

openings while making tough demands on other participa

but Forman stated that it was doing to make sure the

interests of their domestic producers, importers a

appropriately because it is a comprehensive and high-stand

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Concerns raised by several senators about Shuanghui

proposed $4.1 billion purchase of Smithfield Foods, which

biggest Chinese takeover of a U.S. company to date how

unspoken by Froman.

A decision on whether to suspend Bangladesh from the U

System of Preferences by the end of June is awaited, fo

tragedies, including a factory fire that killed more than 1have raised concerns about working conditions in the

garment sector.

Froman emphasized and made it clear that U.S. is op

investment provided it meets their overall statutory standar

Continued

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REFERENCES

http://www.reuters.com/article/2013/06/21/us-usa-trade-

idUSBRE95K0XB20130621

http://atlanticsentinel.com/2013/07/biden-india-united-st

quadruple-bilateral-trade/

http://www.state.gov/r/pa/prs/ps/2013/06/211015.htm

http://atlanticsentinel.com/2013/07/biden-india-united-states-want-to-quadruple-bilateral-trade/http://atlanticsentinel.com/2013/07/biden-india-united-states-want-to-quadruple-bilateral-trade/http://atlanticsentinel.com/2013/07/biden-india-united-states-want-to-quadruple-bilateral-trade/http://atlanticsentinel.com/2013/07/biden-india-united-states-want-to-quadruple-bilateral-trade/http://www.state.gov/r/pa/prs/ps/2013/06/211015.htmhttp://www.state.gov/r/pa/prs/ps/2013/06/211015.htmhttp://www.state.gov/r/pa/prs/ps/2013/06/211015.htmhttp://atlanticsentinel.com/2013/07/biden-india-united-states-want-to-quadruple-bilateral-trade/http://atlanticsentinel.com/2013/07/biden-india-united-states-want-to-quadruple-bilateral-trade/http://atlanticsentinel.com/2013/07/biden-india-united-states-want-to-quadruple-bilateral-trade/http://atlanticsentinel.com/2013/07/biden-india-united-states-want-to-quadruple-bilateral-trade/http://atlanticsentinel.com/2013/07/biden-india-united-states-want-to-quadruple-bilateral-trade/http://atlanticsentinel.com/2013/07/biden-india-united-states-want-to-quadruple-bilateral-trade/http://atlanticsentinel.com/2013/07/biden-india-united-states-want-to-quadruple-bilateral-trade/http://atlanticsentinel.com/2013/07/biden-india-united-states-want-to-quadruple-bilateral-trade/http://atlanticsentinel.com/2013/07/biden-india-united-states-want-to-quadruple-bilateral-trade/http://atlanticsentinel.com/2013/07/biden-india-united-states-want-to-quadruple-bilateral-trade/http://atlanticsentinel.com/2013/07/biden-india-united-states-want-to-quadruple-bilateral-trade/http://atlanticsentinel.com/2013/07/biden-india-united-states-want-to-quadruple-bilateral-trade/http://atlanticsentinel.com/2013/07/biden-india-united-states-want-to-quadruple-bilateral-trade/http://atlanticsentinel.com/2013/07/biden-india-united-states-want-to-quadruple-bilateral-trade/http://atlanticsentinel.com/2013/07/biden-india-united-states-want-to-quadruple-bilateral-trade/http://atlanticsentinel.com/2013/07/biden-india-united-states-want-to-quadruple-bilateral-trade/http://atlanticsentinel.com/2013/07/biden-india-united-states-want-to-quadruple-bilateral-trade/http://atlanticsentinel.com/2013/07/biden-india-united-states-want-to-quadruple-bilateral-trade/http://atlanticsentinel.com/2013/07/biden-india-united-states-want-to-quadruple-bilateral-trade/http://atlanticsentinel.com/2013/07/biden-india-united-states-want-to-quadruple-bilateral-trade/http://atlanticsentinel.com/2013/07/biden-india-united-states-want-to-quadruple-bilateral-trade/http://atlanticsentinel.com/2013/07/biden-india-united-states-want-to-quadruple-bilateral-trade/