INVESTMENT BARRIERS
Donald Trump under bipartisan pressure on Indian trade barriers
Washington — Leading US congressmen have called on President Donald Trump to press Indian Prime Minister Narendra Modi to remove barriers to US trade and investment when they meet for the first time on Monday. The legislators, from the Republican and Democratic parties, said in a letter to Trump that high-level engagement with India had failed to eliminate major trade and investment barriers and had not deterred India from imposing new ones. "Many sectors of the Indian economy remain highly and unjustifiably protected and India continues to be a difficult place for US companies to do business," they wrote, noting that a 2017 World Bank report ranked India 130th out of 190 countries for ease of doing business. The legislators — Republican House ways and means committee chairman Kevin Brady, ranking member Richard Neal and Republican Senate finance committee chairman Orrin Hatch and ranking member Ron Wyden — said the bilateral relationship "severely underperforms" as a result of Indi...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.