Border Security Bill Creates Spat With Indian Tech Industry
The $600 million border security bill signed into law by Obama last week is fully funded through a hike to visa fees for companies that send large numbers of
Jul 31, 20203.5K Shares1.7M Views
The $600 million border security bill signed into law by Obama last week is fully funded through a hike to visa fees for companies that send large numbers of workers to the U.S. on temporary worker visas. Indian tech companies and trade officials have said these fees are discriminatory and might violateWorld Trade Organization rules, creating a tricky situation for the U.S. State Department.
An Indian technology industry trade group called Nasscom has come out hard against the visa hike, arguingthe bill will cost Indian tech firms $200 million to $250 million in increased human resource costs each year. Indian Trade Secretary Rahul Khullar said Tuesday the increase in visa fees is “WTO-incompatible,” Bloomberg reported.
The State Department seems eager to mend diplomatic and business problems — a spokesman said Mondaythe department is looking into these claims and working with Indian officials.
Even if India does not file a WTO dispute against the U.S., Indian experts argue the country should push back against the U.S. for enacting the visa hikes, Indian financial news site Money Control reported today:
“„Trade experts maintain that India should also explore other options like lobbying through American companies that use services of Indian professionals. In addition, experts also suggest using bilateral forums to negotiate visa related issues for Indian professionals. In the worst case scenario, experts maintain India could retaliate by restricting movement of US businessmen and professionals to India.
Camilo Wood
Reviewer
Camilo Wood has over two decades of experience as a writer and journalist, specializing in finance and economics. With a degree in Economics and a background in financial research and analysis, Camilo brings a wealth of knowledge and expertise to his writing.
Throughout his career, Camilo has contributed to numerous publications, covering a wide range of topics such as global economic trends, investment strategies, and market analysis. His articles are recognized for their insightful analysis and clear explanations, making complex financial concepts accessible to readers.
Camilo's experience includes working in roles related to financial reporting, analysis, and commentary, allowing him to provide readers with accurate and trustworthy information. His dedication to journalistic integrity and commitment to delivering high-quality content make him a trusted voice in the fields of finance and journalism.
Latest Articles
Popular Articles