Over the expense of U.S. work visas which for others is too expensive and isolated against Indian IT firms, India has sent off complaint at the World Trade organizations in the new sign of heavy trade ties among the two regions. The final stage to seek a solution to the disagreement before starting the full-fledge legal argument, the complaint is now on the level of WTO consultations within the two parties.
An official at the trade ministry said that India is in the process of consultation with regards to this issue and he wishes to solve it immediately. Trade Minister Anand Sharma has lifted the visa concern with United States Commerce Secretary John Bryson on the meeting in India on march 26, however, the official did not say when the concern was delivered on the WTO.
Saying an Indian ban on the United States imports determined to end the spread of bird flu was not depend on sound science, the United States last month started the same kind of action at the WTO to expand India’s market for poultry eggs and meat. After India’s economic liberalization in the year 1991, commercial partnership within the United States and India has been successful but in the previous years both of them are trying to accuse each other by creating unfair barriers to investment and trade development.
Outsourcing has been a controversy in the United States presidential campaign as President Barack Obama pledged to cultivate jobs locally from overseas. India’s economy has improved greatly from information technology companies that offer off-shore jobs for the United States firms. The concern is regarding to the United States law from 2010 that approximately doubled visa fees for competent employees to $4,599 each applicant.
During that the action’s goal to a small group of firms impose on U.S. law to import people from overseas, said by Senator Charles Schumer, the bill’s sponsor and a Democrat from New York. The CEO of a large Indian software services exporter Tech Mahindra, Vineet Nayyar said that they thought that the government of India is right that the law is set to be a barrier to trade.
Indian industry did not assume that the visa fees would be minimized and either become more efficient or increase prices to offset the expenses, Nayyar said. He added that Indian industry is taken for granted if this will continue and they are trying to seek solutions on how to manage that changes.
REFERENCES:
http://www.ndtv.com/article/india/india-formally-complains-about-cost-of-us-work-visas-195853
http://world.topnewstoday.org/world/article/1987734/
http://www.silobreaker.com/india-formally-complains-about-cost-of-us-work-visas-5_2265614728464171169
