Pic: Adobe Stock “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.
As US-India trade talks are slated to commence, the US-India Business Council called for dismantling with haste non-tariff barriers and red tape that slow market access.“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.”“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.
SBS Zipper News Desk (DS)
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