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US/India soda ash: despite $1 billion trade offer to India, US accuses India of imposing a “de facto embargo” on US shipments of soda ash

The US announced $1 billion in trade-financing and loans for India, aimed at bettering commercial ties between the world“s richest and most populous democracies.
On the sidelines of Indian Prime Min…

The US announced $1 billion in trade-financing and loans for India, aimed at bettering commercial ties between the world“s richest and most populous democracies. On the sidelines of Indian Prime Minister Atal Behari Vajpayee“s visit to Washington, the US Export-Import Bank signed agreements with Indian financial institutions expected to support nearly $1 billion in American exports to India. Vajpayee arrived recently in Washington for a four-day official visit, which was expected to stress the importance of economic ties between Washington and New Delhi. The US is India“s biggest trading partner and foreign investor. By contrast, India was the US“ 29th largest export market in 1999. Washington has long complained that India remains one of the most heavily protected markets in the world despite promised reforms. And other disputes remain. The nations have yet to work out their differences on a new round of global trade talks. The US has also accused India of imposing a “de facto embargo” on US shipments of soda ash, used to make glass.

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