India will lose access to preferential trade terms with the U.S. under the latter’s Generalized System of Preferences (GSP) programme, a Senior State Department official told reporters in Washington DC on Thursday.
The official, who did not want to be named, said the restoration of benefits remained a possibility if underlying trade issues were resolved, but the withdrawal of India’s GSP eligibility, was “a done deal”.
“…The persistent market access issues, which we were engaged with … our Indian counterparts over the last year [sic], led us to announce in March that we would be suspending or withdrawing us India's benefits under the generalized system preferences program…I think that suspension is a done deal.”
https://www.thehindu.com/news/international/india-to-lose-preferential-trade-terms-with-us-under-generalized-system-of-preferences-program/article27360972.ece
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India will lose access to preferential trade terms with the U.S. under the latter’s Generalized System of Preferences (GSP) programme, a Senior State Department official told reporters in Washington DC on Thursday. The official, who did not want to be named, said the restoration of benefits remained a possibility if underlying trade issues were resolved, but the withdrawal of India’s GSP eligibility, was “a done deal”. “…The persistent market access issues, which we were engaged with … our Indian counterparts over the last year [sic], led us to announce in March that we would be suspending or withdrawing us India's benefits under the generalized system preferences program…I think that suspension is a done deal.” https://www.thehindu.com/news/international/india-to-lose-preferential-trade-terms-with-us-under-generalized-system-of-preferences-program/article27360972.ece