/Tag: GSP

The US closes the door on reinstating India’s GSP benefits

2020-05-11T04:59:02+00:00March 12th, 2020|2020, Guest Columns - India Global Business, North America Edition – 13 March-26 March 2020, Trade Talk|

The Trump administration has adopted punitive measures to weaken India’s justification for barriers owing to its developing economy status. Highlights: The Trump administration has levied steel and aluminium tariffs on India & revoked GSP benefits. India has been the biggest beneficiary of GSP, with over 12 per cent of Indian exports to the US coming under the programme. The USTR’s termination of India’s designation as a beneficiary “developing” country reflects a strategy to weaken India’s justification for barriers owing to [...]

It is time to seal the US-India trade deal

2020-03-16T09:42:19+00:00November 28th, 2019|2019, Home Page, North America Edition – 29 November 2019|

The President and CEO of US-India Strategic Partnership Forum touches upon the various areas the Indian government must focus on as it aims to secure a fruitful US-India trade deal. Highlights: The current US-India partial trade deal should be visualised as the beginning of an important chapter towards a larger Free Trade Agreement. Allowing negotiations for a trade deal covering a handful of market access issues shows the Trump administration’s recognition of the value of the US-India partnership. India needs [...]

Trump’s GSP bite may not hurt India much, but…

2019-03-11T13:50:52+00:00March 5th, 2019|2019, UK Edition – March 2019|

The latest US move to deny Indian exports a tariff-free regime under the Generalised System of Preferences (GSP) is an unnecessary irritant. It had to happen sooner rather than later. US President Donald Trump’s transactional administrative paradigm has found a new target after China, Mexico, Canada and the European Union (EU) – India. The US has decided to remove imports from India from the Generalised System of Preferences (GSP) programme that enabled some Indian products zero-tariff access to the American [...]