US Commerce Secretary hits out at India
Shares
NEW DELHI - US Commerce Secretary hits out at India over unjustified trade barriers by Delhi.
US commerce secretary Wilbur Ross has asked India to reduce trade barriers and termed New Delhi's tariff rate as 'unjustified'.
Speaking at the US-government backed business event 'Indo Pacific Trade Winds', Ross said, "Today, India is America's 13th largest market due to overly restrictive market-access barriers. The US is India's largest export market, that is a real imbalance."
India's average applied tariff rate is 13% with tariff on auto at 60%, bikes at 50% and Alcohol at 100%.
Calling it 'unjustified', Ross said, "US businesses face significant market-access barriers in India. These include both tariff and non-tariff barriers, as well as multiple practises and regulations that disadvantage foreign companies."
He, however, assured US companies that Washington is 'working diligantly with the Indian government' on market access.
