Lawmakers Request Updated ITC Probe of India’s Industrial Policies
The chairmen and ranking members of the House Ways and Means and Senate Finance committees have asked the International Trade Commission to conduct a follow-up investigation of Indian industrial policies that allegedly discriminate against U.S. trade and investment. The ITC is already conducting one such investigation covering the period 2003 through mid-2014 and a final report is due to the committees by Dec. 15. However, given the recent national elections in India, the lawmakers said they are seeking information about any significant changes by the new Indian government to the trade and investment policies identified in the first report. They also asked the ITC to include any new relevant trade and investment policies and practices, focusing on the period from mid-2014 and gathering input from relevant Indian government officials as well as U.S. firms. A final report was requested no later than Sept. 24, 2015.