- Last month, the US Trade Representative (USTR)’s workplace had cited the “Make in India” programme as an obstacle for import of its merchandise into India.
By Yashwant Raj, Washington
PUBLISHED ON APR 02, 2021 01:25 AM IST
The Biden administration on Wednesday listed India’s ‘Atmanirbhar Bharat’ or self-sufficiency marketing campaign, which was launched to assist the nation cope with the Covid-19 pandemic, amongst “significant” commerce limitations American companies face world wide.
Last month, the US Trade Representative (USTR)’s workplace had cited the “Make in India” programme as an obstacle for import of its merchandise into India.
“US exporters continue to encounter significant tariff and non-tariff barriers that impede imports of US products into India. While the Indian Government has pursued ongoing economic reform efforts, it also continues to promote programs such as ‘Make in India’ that favour domestic production over importation,” the workplace of USTR mentioned in its National Trade Estimate Report for 2021.
“Additionally in May 2020, Prime Minister Narendra Modi announced the ‘Self-Reliant India’ (Atmanirbhar Bharat) initiative to increase self-sufficiency by promoting domestic industry and reducing reliance on foreign suppliers,” the report mentioned, including the ‘Atmanirbhar Bharat’ initiative to US’ rising record of commerce points with India.
While it was launched to bolster India’s efforts to cope with the financial disaster wrecked by the Covid-19 pandemic, the ‘Atmanirbhar Bharat’ plan quickly got here to be seen as a potent weapon towards the Chinese after the skirmishes alongside the Line of Actual Control in Ladakh final 12 months. The boycott of Chinese items and apps had additionally discovered resonance right here with the administration of former president Donald Trump.
In 2020, India was America’s largest buying and selling companion.
The commerce consultant’s report talked about intimately US’s commerce points with India, together with those who have defied decision for years equivalent to excessive tariffs, US’ entry to India’s dairy market which is alleged to be one of many largest on the earth, value management on medical gadgets equivalent to coronary heart stents and knee implant. The USTR report got here on a day President Joe Biden introduced a multi-trillion-dollar American Jobs Plan to revitalize the nation’s financial system.
Government officers in New Delhi weren’t instantly obtainable for a remark.
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