India's lift on trade barriers good for U.S. producers
January 01, 2000
by Stormy Wylie
WASHINGTON — India's recent decision to lift trade barriers to U.S. farm goods, textiles and other products will provide — for the first time in 50 years for some products — market access opportunities for U.S. producers in these sectors and at the same time will stimulate investment, competition, and economic activity in India, said U.S. Trade Representative Charlene Barshefsky.
India has agreed to eliminate U.S. trade barriers by April 2001, with half of the restrictions to be lifted within three months. Similar agreements were reached with the European Union, Japan and other countries to remove trade barriers by April 2003.
The agreement with the United States calls for India to lift more than 1,400 specific restrictions, clearing the way for shipments of U.S. grain, automobiles, wines and other goods.