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USTR chief Froman sets sight on India trade problems
New U.S. Trade Representative Michael Froman on said he expected growing trade problems with India to be a major early focus of his tenure, but stopped short of saying the United States should cut off benefits for that country.
“We have a number of concerns about the investment and innovation environment in India,” Froman told Reuters in an interview shortly after being sworn into office. “It’s something that we’re very focused on.”
On another issue, Froman said the United States generally welcomed Chinese investment but that he could not comment on Shuanghui International’s proposed takeover of Smithfield Foods because it was still under review.
He said he expected a decision on whether to suspend trade benefits for Bangladesh by the end of June, following recent tragedies that have raised concern about working conditions in that country’s garment sector. (Reuters)
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