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US launches 2nd probe into India's trade and investment policies
CHANGES made by the Indian government since the middle of the year to the country's trade and investment regime has prompted a second investigation by The US International Trade Commission (ITC).
The action by the ITC comes in response to a joint request made by the US House Ways and Means and Senate Finance committees through a letter received on September 25.
The investigation is the second probe regarding India's trade and investment policies requested by the two committees.
In 2013, the committees jointly asked the ITC, to investigate Indian policies that restrict US trade and investment. The ITC will submit its report in that investigation, "Trade, Investment, and Industrial Policies in India: Effects on the US Economy," to the committees on December 15.
Said the second letter of request: "Given the recent national elections in India and the formation of a new Bharatiya Janata Party-led government, and our interest in receiving the most comprehensive and up-to-date information possible, we now request that the Commission conduct a second investigation concerning India's industrial policies that discriminate against US trade and investment since the first ITC investigation."
The ITC expects to deliver the latter report to the committees by September 24, 2015, adding that it will hold a public hearing in connection with this investigation on April 7, 2015.
The action by the ITC comes in response to a joint request made by the US House Ways and Means and Senate Finance committees through a letter received on September 25.
The investigation is the second probe regarding India's trade and investment policies requested by the two committees.
In 2013, the committees jointly asked the ITC, to investigate Indian policies that restrict US trade and investment. The ITC will submit its report in that investigation, "Trade, Investment, and Industrial Policies in India: Effects on the US Economy," to the committees on December 15.
Said the second letter of request: "Given the recent national elections in India and the formation of a new Bharatiya Janata Party-led government, and our interest in receiving the most comprehensive and up-to-date information possible, we now request that the Commission conduct a second investigation concerning India's industrial policies that discriminate against US trade and investment since the first ITC investigation."
The ITC expects to deliver the latter report to the committees by September 24, 2015, adding that it will hold a public hearing in connection with this investigation on April 7, 2015.
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