{"id":27436,"date":"2018-10-23T14:06:43","date_gmt":"2018-10-23T08:36:43","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=27436"},"modified":"2018-10-23T14:06:43","modified_gmt":"2018-10-23T08:36:43","slug":"india-in-a-catch-22-situations-on-a-free-trade-pact-with-us","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/india-in-a-catch-22-situations-on-a-free-trade-pact-with-us\/","title":{"rendered":"India in a Catch \u2013 22 situations on a free trade pact with US."},"content":{"rendered":"

India in a Catch \u2013 22 situations on a free trade pact with US.<\/a><\/p>\n

NEWS<\/u><\/strong><\/p>\n

    \n
  1. India is discussing its bilateral trade issues with the US as part of a \u2018trade package\u2019 of mutual concerns.<\/li>\n<\/ol>\n

    FACTS<\/u><\/strong><\/p>\n

      \n
    1. Government of India seems to be in two minds that should India go for FTA with US or not.<\/li>\n
    2. US wants to gain access in India\u2019s market, thus pushing to India to change its domestic laws.<\/li>\n
    3. US wants India to change its patent laws and adopt stringent rule on ever-greening of patents (refers to superficial changes made by a company on a pharmaceutical product whose patent has ended to help it get a fresh patent).<\/li>\n
    4. India export goods to US worth 48.8 Billion USD to US and imported goods 26.61 Billion from US and thus US government is pressuring India to reduce trade deficit.<\/li>\n<\/ol>\n

      Why India should go for FTA<\/u><\/strong><\/p>\n

        \n
      1. It will help in India\u2019s development.<\/li>\n
      2. Also India-US 2+2 dialogue is negotiating new and better deal to enhance FTA.<\/li>\n
      3. Also it will increase market access for India which will boost textile, leather and gems and jewellery industries of India.<\/li>\n
      4. It will help India to achieve geo-political and diplomatic gains.<\/li>\n<\/ol>\n

        Why India should not go for FTA<\/u><\/strong><\/p>\n

          \n
        1. FTA will impact India\u2019s domestic, dairy, medical equipment and agricultural industries.<\/li>\n
        2. By signing FTA, US can pressure India to change its policies on Intellectual Property, retail and investment policies which needs to be considered carefully.<\/li>\n
        3. On geopolitical issue there is no guarantee that and FTA will make US tow India\u2019s line.<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"

          India in a Catch \u2013 22 situations on a free trade pact with US. NEWS India is discussing its bilateral trade issues with the US as part of a \u2018trade package\u2019 of mutual concerns. FACTS Government of India seems to be in two minds that should India go for FTA with US or not. US… Continue reading India in a Catch \u2013 22 situations on a free trade pact with US.<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[555],"tags":[],"class_list":["post-27436","post","type-post","status-publish","format-standard","hentry","category-test-1","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1703749289},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/27436","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=27436"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/27436\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=27436"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=27436"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=27436"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}