On February 6, 2013, the US requested consultations with India concerning certain measures of India relating to domestic content requirements under the Jawaharlal Nehru National Solar Mission for solar cells and solar modules. America claimed that the measures appear to be inconsistent with global trade provisions.
first of all us companies already investing in india and they have been doing that for some time, yet as you know there are many barriers, that hasn t changed. india is simply too big, too vibrant to ignore for the us private sector. there has been some progress on the reform front and injoint been some progress on the reform front and in joint efforts between the trade ministry is to discuss the full range of trade barriers on both sides to seek accommodations. a real game changer would be willingness on the part of the biden administration to negotiate a free trade agreement such as those india is already doing with european union, the uk, canada and australia. that would require a big shift in us trade policy to return to negotiating free trade agreements. unfortunately we re not likely to see that in foreseeable future. forthe likely to see that in foreseeable future. for the moment i think we will continue to have trade discussions and bilateral trade policy forum and in the regio
R V Anuradha, Partner, Clarus Law Associates recounted that the WTO system, although an imperfect bargain, remains unique given the enforceability of its rules. She noted that the world has come too far ahead in terms of economic interdependence, and there is somewhere a realisation of the need for minimum cooperation between countries in order to maintain the global economic system.
While a strategic dialogue on trade is important, the United States and India need to bring a wider set of trade issues to the discussion to ensure a resilient partnership.