US body launches investigation into Indian trade policies

October 28, 2014 23:37

A quasi-judicial US trade body today launched an investigation into significant changes made since mid-2014 by the new Indian government in its trade and investment policies.

The announcement in this regard by the US International Trade Commission comes following a request made by the House Committee on Ways and Means and the Senate Committee on Finance through a letter received on September 25.

The investigation is the second probe regarding India's trade and investment policies requested by the two committees. In 2013, the committees jointly asked the USITC, to investigate Indian policies that restrict US trade and investment.

The USITC will submit its report in that investigation (Trade, Investment, and Industrial Policies in India: Effects on the U.S. Economy), to the committees on December 15.

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