Hopes India will drop its trade barrie­rs and trust in compet­itiven­essWASHINGTON: The United States is open to dialogue to resolve trade differences with India by allowing American companies more access to Indian markets, US Secretary of State Mike Pompeo said on Wednesday ahead of a visit to New Delhi later this month. Pompeo’s remarks at the US-India Business Council refer to a decision by US President Donald Trump to end preferential trade treatment for India from June 5 over the trade barriers. “We’ll also push for the free flow of data across borders – not just to help American companies – but to protect data and ensure consumer privacy. Washington has been particularly annoyed by India’s tightening of regulations that have undermined major US companies but favoured domestic entities in the past year. The idea of the policy was to foster healthy competition and promote India’s e-commerce, an Indian government official involved in trade issues said, defending the curbs on the big firms.

Source: The Express Tribune June 13, 2019 15:45 UTC