India

AdvaMed says price controls discriminate against innovative medical device technology, effectively forcing U.S. producers to “sell in India at a loss.”

Seven Republicans and two Democrats say the barriers are “undermining development of deeper trade relations.”

A day after Indian Prime Minister Narendra Modi met with President Trump, Vice President Mike Pence issued fresh calls for New Delhi to eliminate trade barriers, boost intellectual property protection and proceed with economic reforms.

The Trump administration will seek to advance U.S. interests in its trade relationship with New Delhi when Prime Minister Narendra Modi visits the White House on Monday by seeking greater market access in India via a reduction in tariffs and raising the issue of intellectual property protection, a senior White House official said Friday.

India has requested consultations with the United States at the World Trade Organization over compliance in a dispute in which the U.S. was broadly faulted for using cross-cumulation as the methodology to determine injury from imports of hot-rolled steel from India.

India halted a May 10 meeting of the World Trade Organization's General Council by refusing to agree to the proposed agenda because it included an item on “trade and investment facilitation,” which India claims is outside of the scope of the WTO, according to Geneva sources.

The Indian government is tracking the Trump administration’s evolving trade policy, particularly actions that could affect services exports and the distribution of H-1B visas, but the Indian business community is bullish on the economic relationship between the two countries remaining fruitful.

Upon the second request by India, a World Trade Organization dispute settlement panel was established at a March 21 Dispute Settlement Body meeting to examine a complaint that U.S. state-level incentives for renewable energy programs contain domestic content requirements in violation of WTO rules.