India- US WTO Issues
To be read along with the WTO Primer in the package: · India may drag the United States to the World Trade Organization, or WTO, over its decision to raise professional visa fees for an extended period and impose a 2% import levy on goods and services sold to the US government. · The commerce department is studying details of the James Zadroga 9/11 Health and Compensation Act of 2010 which aims to increase visa fee and import taxes on supplies to government to set up a $4.3 billion fund for sharing the healthcare burden of those affected by 9/11 terror attack in New York. Issue 1: Visa Fee hike · The final bill, which is now with US President Barak Obama to be signed into law, spells more trouble for Indian industry than the one initially proposed as it extends the period for higher visa fees from 2014 to 2021. · ...