mo4ch:>Chasing world's largest consumer market: US wants India to clear obstacles for American businesses | Mo4ch News

New Delhi is committed to eliminating the current trade restrictions preventing American companies from doing profitable business in India, US Commerce Secretary Wilbur Ross said at a trade forum in the Indian capital.“Our role is to eliminate barriers to US companies operating here, including, data localization restrictions that actually weaken data security and increase the cost of doing business,” the top official said.According to the commerce secretary, the country’s state regulations on localization of data and price caps on medical devices imported from the US are among the major hurdles for American corporations working in India. The parties are also involved in trade disputes over tariffs, and rules banning firms from selling their produce through enterprises in which they have an equity interest.Also on rt.comGlobal gold fever: India follows Russia & China by boosting bullion reservesIn 2018, major global payments players, such as Mastercard, Visa and American Express fa…