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To: A. Pole

Do they place tarrifs on our products coming in???????


78 posted on 03/13/2006 11:35:00 AM PST by chris1
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To: chris1
India’s economy is one of the most closed in the world. Thus, India's tariffs remain among the highest in the world.

Over the last thirteen years, beginning with its economic reform program initiated in 1991, India has taken noteworthy steps to open its markets. A progressively more open and transparent trade regime stimulated a strong increase in U.S.-India trade and investment in the first half of the 1990s. U.S exports to India stagnated in 1996 as the reform process stalled. While U.S. exports showed signs of renewed upward momentum in 2003, any substantial expansion in U.S.-India trade will be unlikely without significant additional Indian liberalization.

Foreign Trade Barriers, Office of the U.S. Trade Representative (.pdf)
80 posted on 03/13/2006 11:46:33 AM PST by 1rudeboy
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To: chris1
Do they place tariffs on our products coming in???????

They do not need to as their cost of living is much lower so they can spend less on labor.

But still in indirect ways they do protect and endorse their domestic production. Also different tax structure (like VAT) and government involvement in things like health care or education can substitute for tariffs.

82 posted on 03/13/2006 11:48:50 AM PST by A. Pole (M. Boskin: "It doesn't make any difference whether a country makes potato chips or computer chips!")
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