India’s market access policy worries American lawmakers
5 Oct 2012 12:28 AM GMT
Expressing concern over India's recent market access policy, a bipartisan group of 45 American lawmakers have asked the US Trade Representative (USTR) to take action against it as it has the potential for detrimental impact on high-tech US exports to India.
They have written a letter to USTR Ron Kirk urging him to take action against India's Preferential Market Access policy, which aims at promoting high-tech manufacturing in the country by making it mandatory for government companies to buy certain security related equipment from local firms.
'The potential detrimental impact of this policy on US high-tech exports to India warrant USTR's consideration to ensure that US technology companies are able to compete fairly in this critical market,' they said.
Led by the co-chairs of the Congressional High Tech Caucus, Congressman Michael McCaul and Congresswoman Doris Matsui, the bi-partisan letter argued that PMA policy would essentially halt the export of US made high-tech goods into the Indian market and is a clear violation of the World Trade Organization rules.
'The potential detrimental impact of this policy on US high-tech exports to India warrant USTR's consideration of all available tools to ensure US technology companies are able to compete fairly in this critical market,' said the letter dated 2 October.
US CRACKSDOWN ON FRAUD SCHEMES RUNNING IN INDIA
Several online fraud schemes, mainly operating from India, that duped people in countries like the US, UK and Canada into paying to clean their computers of bogus virus infections, have been shut down by US authorities in a crackdown on so-called tech support scams.At the request of the Federal Trade Commission (FTC), a US District Court Judge ordered a halt to six alleged tech support scams.
They have written a letter to USTR Ron Kirk urging him to take action against India's Preferential Market Access policy, which aims at promoting high-tech manufacturing in the country by making it mandatory for government companies to buy certain security related equipment from local firms.
'The potential detrimental impact of this policy on US high-tech exports to India warrant USTR's consideration to ensure that US technology companies are able to compete fairly in this critical market,' they said.
Led by the co-chairs of the Congressional High Tech Caucus, Congressman Michael McCaul and Congresswoman Doris Matsui, the bi-partisan letter argued that PMA policy would essentially halt the export of US made high-tech goods into the Indian market and is a clear violation of the World Trade Organization rules.
'The potential detrimental impact of this policy on US high-tech exports to India warrant USTR's consideration of all available tools to ensure US technology companies are able to compete fairly in this critical market,' said the letter dated 2 October.
US CRACKSDOWN ON FRAUD SCHEMES RUNNING IN INDIA
Several online fraud schemes, mainly operating from India, that duped people in countries like the US, UK and Canada into paying to clean their computers of bogus virus infections, have been shut down by US authorities in a crackdown on so-called tech support scams.At the request of the Federal Trade Commission (FTC), a US District Court Judge ordered a halt to six alleged tech support scams.
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