Trade War with India?
The Alliance for Fair Trade with India (AFTI), along with the US Chamber of Commerce Global Intellectual Property Center (GIPC) and the National Association of Manufacturers (NAM) have begun a coalition in order to collectively speak out against what they say are unfair trade practices in India. India and the United States have a multi-billion dollar trade alliance with each other, so having any sort of scuffle between the two countries, especially over fair trade practices, is more than just a little bit delicate.
Over a dozen heads of American industry associations actually wrote a letter to President Obama, requesting that he rethink some of his more recent decisions concerning trade regulations with India, since they claim that these practices actually reduce the potential for job growth in America. At the heart of this trade disagreement seems to be the question of India’s own regulation of copyrighting and intellectual property; similar accusations have been made in the past, among many other trade problems, concerning China. With India, however, intellectual property accounts for what seems to be the bulk American industry’s issue with them. Leaders in American industry argue that they just want to level the playing field before a trade war with India ensues.
Over a dozen heads of American industry associations actually wrote a letter to President Obama, requesting that he rethink some of his more recent decisions concerning trade regulations with India, since they claim that these practices actually reduce the potential for job growth in America. At the heart of this trade disagreement seems to be the question of India’s own regulation of copyrighting and intellectual property; similar accusations have been made in the past, among many other trade problems, concerning China. With India, however, intellectual property accounts for what seems to be the bulk American industry’s issue with them. Leaders in American industry argue that they just want to level the playing field before a trade war with India ensues.
