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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.
New Delhi,
18th June, 1998
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