India asks US to remove ISRO, DRDO from banned list
Thursday, June 24, 2010
, Posted by Unknown at 5:01 AM
India has "very firmly" asked the US to ease export controls and remove top Indian agencies like the Department of Atomic Energy (DAE) and the Indian Space Research Organisation (ISRO) from the banned list.
Asked about Kirk's call's to India to address "longstanding impediments" like investment caps, agricultural market access barriers, high tariffs and intellectual property rights, Sharma said he had conveyed that India was fully TRIPS compliant.The Agreement on Trade Related Aspects of Intellectual Property Rights (TRIPS) is an international agreement administered by the World Trade Organization (WTO) that sets down minimum standards for many forms of intellectual property (IP) regulation."We are also party to multilateral agreements within WTO and GATTS (General Agreement on Tariffs And Trade)," he said. But tariffs was "a two way process. There are certain tariff and non-tariff barriers, which we feel are important to be raised" and he had done so.Stressing that India is committed to a strong and equitable IPR regime and has put in place legislation and enforcement mechanisms to this effect, Sharma said that the issue of balance cannot be wished away."Be it technology or life saving drugs, there has to be balance and sharing so that the resource poor countries are not denied access to these."On US industry demands for raising investment caps and opening retail trade and defence, he said India has a liberal and transparent Foreign Direct Investment (FDI) regime in place.But in a few sectors like banking and insurance, defence and retail trade, India favoured calibrated liberalisation on account of domestic sensitivities.On Doha round of world trade talks, Sharma said: "India is committed to put in place a rule based multilateral trade regime, which is fair, balanced and ensures better market access and corrects the historical imbalances."Such a regime would "help in creating an environment where global commerce enhances. And that in itself is the only way to an effective way to global economic recovery," he said. (IANS)
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