New Delhi, June 10 (IANS) India has refuted claims made by the Trump administration under a US Section 301 trade investigation that there is excess production capacity in the Indian textile and steel sectors which is being used to export goods at low prices.Additional Secretary, Ministry of Commerce, Amitabh Kumar on Wednesday said that India does not have surplus manufacturing capacity in either industry, denying allegations being examined under the US Trade Representative’s (USTR) Section 301 …
Latest Most-Favoured-Nation News & Updates
Mumbai, Feb 28 (IANS) India and the European Union have agreed to give each other Most-Favoured-Nation (MFN) treatment for five years after their proposed free trade agreement (FTA) comes into force. The move is aimed at ensuring fair and equal treatment in trade in services between both sides.Under the MFN provision, service sectors and service providers from India and the European Union will be treated at least as favourably as those from any other country.This means neither side can give bett…