Upon request of the Senate Committee on Finance and the House Committee on Ways and Means, the U.S. International Trade Commission (“ITC”) has instituted an investigation into the effects of India’s trade, investment and industrial policies on the U.S. economy. The investigation will focus on Indian industrial policies that discriminate against U.S. imports and investment in favor of Indian domestic industries and also on the effect that those barriers have on the U.S. economy and jobs. To the extent possible, the ITC will provide a quantifiable analysis of the economic effects of India’s identified restrictive measures on the U.S. economy as a whole, on U.S. trade and investment, and on selected sectors of the U.S. economy that are most affected by such policies.
While India is an important strategic partner of the United States, U.S. exports to the country with the second largest population remain low. In 2011, U.S. exports to India were just $22.3 billion, compared to $104 billion of U.S. exports to China.
Any U.S. industry or company that is interested in maximizing export opportunities in the growing Indian market should consider participating in this investigation by testifying before the ITC at its public hearing in February 2014 or submitting information on how India’s trade, investment and industrial policies negatively affect U.S. companies’ competitiveness and employment. The deadline for parties to file requests to appear at the public hearing is January 21, 2014, while the deadline for post-hearing submissions is February 25, 2014.
For more information about the contents of this newsletter, or about Kelley Drye's International Trade Practice, please contact practice group chair Kathleen Cannon or partner Paul Rosenthal, who acts as editor of this publication.