India Says US Trade Preference Program Enhances Pace Of Economic Reforms Back to News & Events List


 India today told the Trump administration that the Generalized System of Preference program (GSP) would enhance India's development and the pace of economic reforms, urging it not to withdraw the south Asian country from the US' trade preference programme.
 
India, being a beneficiary developing country, the GSP benefits are integral and geared to enhance its development and the pace of economic reforms, Puneet Roy Kundal, Minister Commerce at the Indian Embassy in Washington DC, told members of USTR's GSP Subcommittee of the Trade Policy Staff Committee.
 
The US' Generalized System of Preferences program provides for the preferential treatment of designated articles when imported from beneficiary developing countries.
 
A self-initiated review by the USTR focuses on whether India is meeting the US criteria for a GSP beneficiary country, and particularly whether India provides equitable and reasonable market access to products from the US.
 
     
Source: Ndtv.com


Recent News


11

08/2018
India-Myanmar border opens for trade

India's border with Myanmar was formally opened on Wednesday to facilitate trade between the two countries, officials said.   A function was held in the morning on...

26

07/2018
India extends $200 million credit lines to Rwanda; PM Modi holds talks with President Kagame

India on Monday extended $200 million lines of credit to Rwanda as Prime Minister Narendra Modi held wide-ranging talks with President Paul Kagame and discussed measures to st...

10

07/2018
India does not subsidise exports, complies with WTO norms: Suresh Prabhu

Dispelling the misconception that India subsidises its exports, Commerce Minister Suresh Prabhu today asserted that the country fully complies with the guidelines of the...

12

06/2018
Oilmeal export in May 2018 provisionally estimated to be 97,036 tonne

The export of oilmeal in May 2018 was provisionally reported at 97,036 tonne, compared to 1,44,524 tonne in May 2017. The overall export in April and May 2018 was reported at 3...