New Delhi, July 25 (IANS) The government remained closely engaged with the United States Trade Representative (USTR) throughout the Section 301 investigation over forced labour and as a result of these sustained efforts, India has been placed in the lower tier of additional tariffs under the final measures, providing a relative advantage to Indian exports in key sectors, an official statement said on Saturday.The government said it remains committed to working with the United States towards the …
Latest Section 301 News & Updates
Washington, July 11 (IANS) China has warned that it could take retaliatory measures after the United States launched trade investigations targeting dozens of economies, including China, over forced labour and alleged industrial overcapacity.The Chinese Embassy said Beijing was strongly dissatisfied with the US action and had lodged formal representations with Washington. It accused the US of abusing its domestic trade law and disrupting global supply chains.“We will closely monitor the progres…
Washington, July 8 (IANS) India on Wednesday told the U.S. Trade Representative (USTR) that its proposed 12.5 per cent tariff on Indian imports lacks the legal and evidentiary basis required under Section 301, arguing that Washington has failed to establish any causal link between India’s policies and harm to U.S. commerce. Presenting India’s case before a USTR public hearing, Dr. Brij Mohan of the Ministry of Commerce and Industry said the investigation relied on broad assumptions rather than c…
Washington, July 3 (IANS) The Office of the United States Trade Representative (USTR) has scheduled three days of public hearings next week on proposed action against 60 economies, including India, under Section 301 investigations into what it says is their failure to prohibit and effectively enforce bans on imports of goods produced with forced labour.India’s government and industry representatives are among those due to testify on July 8.The hearings will be held from July 7 to July 9 will exa…
New Delhi, June 21 (IANS) India and the United States will hold ministerial-level trade talks this week as both countries seek to finalise the framework for the first phase of the proposed bilateral trade agreement (BTA) ahead of a key tariff deadline next month, Union Minister of Commerce and Industry Piyush Goyal said on Sunday.US Trade Representative Jamieson Greer is scheduled to arrive here for a two-day visit, during which he will hold discussions with Goyal.The minister told reporters, “F…
Visakhapatnam, June 5 (IANS) Commerce Minister Piyush Goyal said on Friday that India and the US are likely to sign the first phase of the bilateral trade agreement by the middle of July.”We had excellent discussions from June 2-4 this month. We had a full team of officials from different divisions of trade from the US in New Delhi. I also met them yesterday. We are fast-moving towards closing all the open ends. Sometime by the middle of next month or so, we should be in a position to execute a …
New Delhi, 3 (IANS) India remains engaged with the US on the Section 301 proceedings announced by Washington and is also parallelly engaged with the US for finalisation of a framework agreement on bilateral trade as was announced on February 2 this year and in accordance with the joint statement released on February 7, the Commerce Ministry said on Wednesday.The Commerce Ministry explained that the United States Trade Representative (USTR) has concluded investigations against 60 economies, inclu…
Washington, June 3 (IANS) US Trade Representative (USTR) Jamieson Greer has said that President Donald Trump’s administration will release results of its trade investigations into dozens of trading partners, including South Korea, China and Japan, “over the next few weeks.”Greer made the remarks in a CNBC interview, as the investigations have been in progress under Section 301 of the 1974 Trade Act to uncover “unfair” trade practices related to “structural” excess capacity and production, and to…
New Delhi, June 2 (IANS) India and the US are scheduled to hold fresh trade negotiations from Tuesday, both sides are aiming to finalise the first phase of a long-awaited Bilateral Trade Agreement (BTA) that could significantly reshape trade ties between the two countries. The talks that are scheduled between June 2 and June 4 are expected to focus on finalising the legal text and ironing out remaining issues in the proposed interim agreement, whose broader framework has already been agreed upon…
Sao Paulo, June 2 (IANS) Brazilian Finance Minister Dario Durigan said Monday he will meet with US authorities this week to discuss the designation of criminal organisations as international terrorist groups, a move that could ultimately threaten Brazil’s financial sovereignty.According to Durigan, labeling the criminal gangs Primeiro Comando da Capital (First Capital Command) and Comando Vermelho (Red Command) as terrorists could open the door to sanctions that might impact Pix, Brazil’s instan…