Economic issues to dominate Kerry’s visit

http://www.newsbullet.in/india/34-more/42707-economic-issues-to-dominate-kerrys-visit

Press Trust of India
Thursday, 20 June 2013 10:57 Washington: Economic issues like intellectual property protection, local content restrictions and a continued cap on FDI are likely to be on top of his agenda when US Secretary of State John Kerry travels to India next week for the strategic dialogue between two countries.

“First and the foremost from our perspective will be economic piece of this (dialogue). There has been lot of concern on part of American business community about what they see as growing obstacles to trade and investment,” Assistant Secretary of State for South and Central Asia, Robert Blake, told an audience here.

Both Kerry and President Barack Obama have been receiving letters from the US business community, advocacy groups, Senators and Congressmen on the trade policies of India, which they claim is harming American businesses.

“Intellectual property protection, local content restrictions, continued restrictions on FDI in different sectors. This is certainly going to be our focus,” Blake said, adding that one of the goals is to reinvigorate the bilateral investment treaty talks and conclude them as soon as possible.

Likewise, the US wants to reinvigorate the trade policy forum, and will also push for continued progress on the civil nuclear side, he added.

Responding to questions, Blake said the US is not looking at any deliverables during the strategic dialogue, except to making sure that they understand each other on these issues.

“India has its own concerns on comprehensive immigration reform. Obviously we need to hear from that. The purpose of the dialogue is to hear each other out in a very open and friendly manner and then figure out who is going to take charge of fixing these,” he said.

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