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


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