Business Standard

US presses India on IP shield and trade barriers

- PRESS TRUST OF INDIA & SUBHAYAN CHAKRABORT­Y

Seeking to achieve a “more balanced” trade relationsh­ip, the US has pressed India on key issues such as market access, lifting of trade barriers, and intellectu­al property protection. During the first US-India bilateral Trade Policy Forum under the Donald Trump administra­tion, India strongly differed with the American position on many of the contentiou­s issues.

Seeking to achieve a “more balanced” trade relationsh­ip, the Trump administra­tion has pressed India on key issues such as market access, lifting of trade barriers and intellectu­al property protection.

During the first US-India bilateral Trade Policy Forum (TPF) under the Trump administra­tion, which was attended by US Trade Representa­tive Robert Lighthizer and Union Minister of Commerce and Industry Suresh Prabhu, India strongly differed with the American position on many of the contentiou­s issues.

Describing his discussion­s with Lighthizer as “positive”, Prabhu said “despite difference­s over minor issues”, there was alignment on “capturing the huge potential” of bilateral trade.

Lighthizer said the US pressed for strong outcomes across a number of areas, including non-science-based barriers to agricultur­al trade, continuing and new regulatory and technical barriers to trade that impact sales of US high technology and other products. The US delegation also pressed India in a number of agricultur­al and industrial sectors, market access in services and protection and enforcemen­t of intellectu­al property rights.

India also said the Totalisati­on and Social Security Act of the US discrimina­tes against Indian workers in the US, who end up losing their social security contributi­ons because of a discrepanc­y in the visa and social security regimes. Totalisati­on is about allowing temporary Indian workers in the US to repatriate their social security contributi­ons when they leave the country, commerce ministry sources said.

India wants early conclusion of the issue, aiming to protect the interests of Indian profession­als who contribute around $1 billion (~6,670 crore) each year to US social security.

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