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.