Sanctions hurt US more than India & Pak says US trade commission
"Mohan:
What, Talking to yourself. Take a break."
JPR:
It must be 'old' age JPR,I think I go see a doctor soon.<g>
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Friday, October 22, 1999
WASHINGTON: US sanctions slapped on India and Pakistan after their nuclear tests hurt American companies more, a high-ranking official of the US International trade commission has said, reports PTI.
"The impact of Glenn amendment economic sanctions and the likely impact of the reimposition of these sanctions on the US, India and Pakistan is relatively small. However, US industry has expressed concern that the main impact of these sanctions is increasing perception that US companies could be unreliable suppliers," Arona M Butcher, Chief of the country and regional analysis division, office of economics of the commission said.
Deposing before the house Bereuter subcommittee yesterday, she said, that sanctions had a negative impact on US business in India, with companies reluctant to pursue business opportunities because of uncertainty over sanctions. On the other hand the effect of these sanctions on India and Pakistan were minimal, she said.
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