US presses India on IP protection, market access, trade barriers
WASHINGTON: Seeking to achieve a “more balanced” trade relationship, the Trump administration has pressed India on key issues like market access, lifting of trade barriers and intellectual property protection.
During the first US-India bilateral Trade Policy Forum (TPF) under the Trump administration that 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 nonscience-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 American delegation also pressed India in a number of agricultural and industrial sectors, market access in services and protection and enforcement of intellectual property rights.
During the meeting, Lighthizer also expressed concern about the $29.6 billion US trade deficit with India. He urged India to “further liberalise” the Indian economy to facilitate American exports. “Our work under the Trade Policy Forum focused on achieving progress towards a more balanced trade relationship,” Lighthizer said after the conclusion of the meeting.
US-India trade has grown significantly in the last few years and has the potential to span every sector of the economy, he said. “To increase reciprocal trade, we will continue to seek to identify and address trade barriers related to goods, including manufactured and agriculture, services and intellectual property rights. The US objective is to increase trade flows between our two countries and to decrease our bilateral trade deficit,” the top American trade official said.
Lighthizer exuded confidence that with continued work, the two countries will be able to accomplish these goals. The USTR acknowledged that cross many of the areas, “both sides had differing views that could not be resolved immediately”. However, there was emphasis that it was important to conduct discussions on these areas in the TPF and a commitment to redoubling efforts in the future.