| PRESS RELEASE
Shiv S. Mukherjee
Minister (Press, Information & Culture)
Embassy of India
Washington, DC
(202) 939-7042
June 18, 1998
Government of India's response to the US Government's
sanctions
We have taken note of the US Government's notification eleborating
certain
economic measures directed against India. It reiterates certain
measures that were
announced earlier and contains some additional measures which
are on expected
lines.
We consider it regrettable that these impediments have been placed
in the way of
the growing economic cooperation between India and the US. Coercive
measures
such as these interfering with the free flow of trade, investment
and technology are
unjustified and counter-productive.
The details of these measures are being studied in the relevant
agencies. We shall
take all steps necessary to safeguard our economic and national
interests.
We are confident that the large, diversified and dynamic Indian
economy will
continue to generate expanding opportunities for our trade and
investment partners.
We will strive to ensure that their engagement in the Indian
economy continues to
grow to mutual advantage. |