New govt in India provides opportunity for collaboration: US

Image
Press Trust of India Washington
Last Updated : May 01 2014 | 2:57 PM IST
A new government in India provides an ideal opportunity to turn areas of contention into areas of collaboration, according to a top US trade official, who underlined that America has made its intentions clear that it does not favour a confrontist approach.
"The remarkable history of this bilateral relationship in just the last 20 years tells us that this is not only possible, but essential if the world's two largest democracies are to demonstrate successfully the defining partnership that President (Barack) Obama identified as a key feature of this century," said US Trade Representative (USTR) Michael Froman.
In a blog on USTR website, after the release of the Special 301 Report in which the US did not list India under the punitive Priority Foreign Country as being demanded by a section of American businesses and lawmakers, Froman called for renewed and intensive engagement with India as elections conclude and new counterparts take office.
"The election of a new government in India provides an ideal opportunity to turn areas of contention into areas of collaboration," he said.
"In light of the election in India currently underway, we have decided to look to an Out-of-Cycle Review focused on India this Fall to evaluate our ongoing engagement on issues of concern with respect to India's environment for intellectual property (IP) protection and enforcement," he wrote.
Acknowledging the pressure from the industry and others, even as the US Government shared the same concerns on deteriorating environment for IP protection and enforcement in India, Froman explained that in determining how to proceed in this year's report, the USTR carefully considered the range of stakeholder views and how to most effectively make progress with respect to addressing these concerns.
"In announcing this year's determination with respect to India, we are redoubling our efforts to seek constructive engagement that will both improve IP protection and enforcement in India and support India's efforts to achieve a decade of innovation and advance its legitimate public policy goals, including access to affordable medicines," he said.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 01 2014 | 2:57 PM IST

Next Story