Move faster on trade barriers, US Commerce Secy to tell New Delhi - Business Standard

As he prepares to lead a trade mission to India from February 6 to 11, US Commerce Secretary (meaning, minister) Gary Locke wants the Indian government to take more steps to open its economy, particularly in dealing with trade barriers.

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Noting that in the past two decades, India has moved “faster and further” on this front than anyone could have anticipated, Locke said the US was keen to boost bilateral trade in a way that would create jobs in both countries.

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He was speaking from Washington to a select group of journalists on the visit. Answering a question from Business Standard, the Secretary said the US had brought up the issue of tariff and non-tariff barriers, including restrictions on Foreign Direct Investment and concerns about Intellectual Property Rights, during President Barack Obama’s visit to India last November, and will raise these again next week.

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Move faster on trade barriers, US Commerce Secy to tell New Delhi - Business Standard