Washington, July 8 (IANS) India on Wednesday accused the U.S. Trade Representative (USTR) of overlooking evidence and arguments submitted by New Delhi while recommending a proposed 12.5 per cent tariff on Indian imports under its Section 301 investigation into forced labour. In India’s presentation before a USTR public hearing, Dr. Brij Mohan of the Ministry of Commerce and Industry said the report failed to adequately consider India’s earlier submissions and engagement during the investigation….
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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 8 (IANS) India argued on Wednesday that the U.S. Trade Representative’s proposed Section 301 tariff framework contradicts its own objective of eliminating forced labour by exempting certain products while seeking broad import restrictions on countries including India, urging Washington to pursue bilateral dialogue instead of sweeping trade measures. The argument was made by Dr. Brij Mohan of the Ministry of Commerce and Industry during a public hearing after a USTR official ques…
Seoul, June 19 (IANS) The recent memorandum of understanding (MOU) between Washington and Tehran aimed at ending their conflict presents both opportunities and challenges for South Korea, the finance minister said on Friday, noting the government will implement post-conflict economic policies.Finance Minister Koo Yun-cheol made the remark during a ministerial meeting on international economic affairs, saying the government will seek to create long-term opportunities while strengthening its econo…
Seoul, June 4 (IANS) South Korean Trade Minister Yeo Han-koo has urged the United States to resolve pending trade issues between the two countries, including the latter’s recent announcement of the results of the Section 301 probe into imports related to forced labour, within the boundaries of the bilateral tariff agreement finalised last year, Yeo’s office said on Thursday.Yeo held a meeting with U.S. Trade Representative (USTR) Jamieson Greer on the sidelines of the OECD Ministerial Council Me…
Seoul, March 20 (IANS) The Ministry of Trade, Industry and Resources launched on Friday a joint task force with private industries to coordinate responses to the United States’ trade investigations into South Korea over structural excess capacity and forced labour, officials said.Earlier this month, the office of the U.S. Trade Representative (USTR) launched consecutive trade inquiries into South Korea and other major economies to uncover what it calls “unfair” trade practices related to structu…
Washington, March 7 (IANS) A US government agency is working on a new system to simplify the tariff refund process that could be ready in 45 days, a report said, as many companies seek refunds of the Trump administration’s emergency duties that the Supreme Court struck down last month.Brandon Lord, executive director of U.S. Customs and Border Protection (CBP)’s trade policy and programs directorate, unveiled the work on a streamlined process requiring “minimal submission” from importers, in a f…