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US accused India of adopting 'unfair' business practices

American Commerce Secretary Wilbur Ross, who came to India on a tour, has made serious allegations against India. The United States has said that India is pursuing "unfair trade" policy and should reduce the barriers coming in the way of American companies working in India.
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US Commerce Minister Wilbur Ross, who came to India on a tour, has made serious allegations against India. The United States has said that India is pursuing "unfair trade" policy and should reduce the barriers coming in the way of American companies working in India. Ross expressed hope that the new government will solve these issues.

America wants to reduce the barriers in terms of doing business and maintaining data locally for its companies working here. US Commerce Secretary Wilbur Ross said, "We want to remove obstacles for American companies working here." It also includes the issue of restriction of keeping the data locally. This actually reduces the security of the data and increases the cost of the business. According to the news agency PTI, Ross said this while addressing the Trade Wind Forum and Trade Mission.

High import charges

Ross has come here with 100 American Business Delegates. He said that we appreciate India's commitment to overcome some of these obstacles. The new government is expected to resolve the matter probably after coming in June. Ross blamed that India imposes import duty at higher rates on goods like vehicles, motorcycles and agricultural products.

He said, 'President Trump has said that business relations should be based on fairness and mutual interests. But currently American companies are facing many market constraints in India. This includes fees and non-tariff barriers. There are also many such activities and regulations that are harmful to foreign companies. He said, "India has an average tariff rate of 13.8 percent and it is the highest in any major economy of the world. For example, vehicles have 60 percent duty, while in the US it is 2.5 percent. 50 percent on motorcycles and 150 percent for alcoholic beverages.

The US Minister said that India is charging an average of 113.5 per cent on agricultural products and 300 per cent on some products which is quite high.

Expert misrepresenting US allegations

However, India's business experts cut off the talk of America. They say that India does not charge higher fees and has all the right to protect its interests in a special area like agriculture. Ross said that we are working with the Indian government and our private sector partners will resolve the issue of entry into the market through the US-India commercial talks and the US-India CEO Forum. Major bottlenecks in front of US companies include cost control on medical devices and preventive charges and investigation of electronics and telecommunications products.

He said that import duty on rotor, switch and cellular phone parts is 20 percent. Ross said that on the other hand, the duty on these products imported from India by the US is zero. He expressed hope that the new government will look into these issues. US Ambassador to India Kenneth Jester said in the program that Minister Ross met Prime Minister Narendra Modi on Tuesday morning. They raised these issues during the meeting.

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