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


01

10/2018
Brazil and India increase business contact in agriculture and food sector

The Brazilian companies are expected to reach approx $80 mn in businesses in the food and agriculture sector over the next one year. Nine out of 20 companies which are visiting...

21

09/2018
Twenty-nine food safety labs in 25 states & UTs taken up for upgrades

Under the Central sector scheme of lab upgrades, 29 state food safety laboratories in 25 states and Union Territories (UTs) have been taken up so far for upgrades, while FSSAI ...

11

09/2018
Government procures 38 mn tonnes rice so far in 2017-18; exceeds target

The Centre's rice procurement has surpassed the target at 38 million tonnes so far in the ongoing 2017-18 marketing year that will end this month, a senior food ministry of...

01

09/2018
Indian agro exporters to get subsidy on sea routes

Farmer Producer Companies (FPCs) and co-operative institutes in the state of Maharashtra will get a subsidy of ?30.000 (€365) per container if they export fruits and veget...