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India Regulations Hurt American Business

Floor Speech

Date: Aug. 2, 2013
Location: Washington, DC
Issues: Business and Consumers Foreign Affairs Legal

Mr. REICHERT. Mr. Speaker, over the last year, the Indian Government has taken troubling actions which have come at the expense of American jobs and Indian consumers. India in an important strategic partner and that's why what has happened of late has been so concerning.

India has not only imposed regulations that prevent many American businesses from entering the Indian market but has failed to respect internationally recognized intellectual property rights.

These policies hinder a growing trade relationship that holds significant potential. For Washington, goods exports to India reached $1.3 billion in 2012. If current barriers to trade are removed, this number would be much higher.
India represents a great opportunity, but investment cannot come at such a high cost to American businesses, farmers, and workers.

A level playing field is truly in the best interest of both of our economies.


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