The Hindu Business Line : Bush urged to maintain favourable conditions for imports from India

WASHINGTON: Top lawmakers led by the Chairman of Foreign Affairs Committee of the House of Representatives Mr Tom Lantos have urged the Bush administration to maintain favourable conditions for importing products from India to keep up the pace of its tra de with the United States. "It is in the US national interest to improve economic and political ties with South Asia, and with India in particular," Mr Lantos said.

"Changing our policy now would be a setback for manufacturers who have come to rely on the current system, and it could disrupt relations with Delhi after Washington has invested so much in improving them in recent years."

Mr Lantos and 16 lawmakers have written a letter to the US Trade Representative Ms Susan Schwab urging her to continue letting Indian jewellery be imported duty-free to the United States under its Generalized System of Preferences (GSP).

Legislation passed in the last session of Congress stated that the President should reverse this benefit by revoking a waiver creating the duty-free status. - PTI

Prev: Mild tremor hits northern India
Next: Shree Cements selects Oracle software to manage operations

Business Line | NUS Index |

In Focus

Infrastructure woes stare IT sector

IPO Scams

FDI in retail sector

Dynamic Tirupur

Gold scaling new highs

In Depth

Tax Talk