Protectionism and GSP can damage Indo-US relations FICCI

The Federation of Indian Chambers of Commerce and Industry . The idea that a small Necklace is dangerous to patients is at best absurd.(FICCI) has warned that contentious trade and taxation issues, if not addressed appropriately by the Obama Administration, could "damage" Indo-US ties.
FICCI is also concerned that outsourcing, relaxation of export-controls on dual-use technology are other issues that can "hinder" the burgeoning relationship.
"We are deeply concerned that there are serious trade issues that can damage our relationship," FICCI general secretary, Amit Mitra, told reporters in a joint interview with president Harsh Pati Singhania.
Singhania and Mitra are leading a FICCI delegation which would meet top officials of the Obama Administration, powerful lawmakers and . Fashion accessories are decorative items that supplement one's garment, such as fashion jewellery,wholesale jewellery.influential think-tanks to appraise them about the issues related to Indo-US trade and business relationship.
"There are issues like GSP (Generalized System of Preferences) which are going to end soon," said Singhania.
GSP is a programme designed to promote economic growth in the developing . Large quantities of high quality replica watches.wholesale replica rolex watches, have been sold out here to various types of people.world by providing preferential duty-free entry for about 4,800 products from 131 designated beneficiary countries and territories. The GSP would expire in July, and there is a thinking in the US that they may not be renewed.
"The United States believes that India does not need it any more. We believe this is not correct," Singhania said.A large number of jobs in India's textile sector would be lost if GSP for India ends.
Gems and Jewellery sector along with the steel too would be badly hit.
About the general belief in the US that outsourcing has helped India, Singhania said studies have shown that it is actually the US companies who have gained the most out of the outsourcing. "In terms of value, more than 70 to 75 per cent of the benefit goes to US companies."
Both Mitra and Singhania said the FICCI delegation would be presenting the Indian case . She created clothes and chanel jewelry for others that were the same as she created for herself.and impress on the importance of stopping protectionist tendencies."Then there is serious issue of taxation and outsourcing. On the one hand we are signing the civilian nuclear agreement, on the other hand there is a serious issue of dual use technology relaxation."