US trade enforcement action likely against India, pharma companies to be hit


US International Trade Commission also has a hearing scheduled to look into Indian trade and investment practices. (Reuters)The U.S. trade representative on Monday will announce a trade enforcement action tied to India, his office said, a move that could further rile relations after an incident last year involving the arrest and strip-search of an Indian consul.

U.S. Trade Representative Michael Froman will discuss the action at a news conference at 2 p.m. (1900 GMT), his office said on Sunday night. The Office of the U.S. Trade Representative said it could offer no additional details.

On Friday, the U.S. Chamber of Commerce called on Washington to ratchet up pressure on India over intellectual property rights, a move that could help prevent Indian companies from producing cheap generic versions of medicines still under patent protection. Read more

Source: http://www.financialexpress.com/

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Categorised in: Pharma & Healthcare, Sector News

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