scorecardresearch
Saturday, November 2, 2024
TopicGSP

Topic: GSP

India hopeful Biden could restore GSP benefits, but free trade deal to be on backburner

The Joe Biden administration is unlikely to be keen on launching talks for having a free trade agreement with the Modi government.

India was not in Trump’s hit list of countries over trade but still had tariffs imposed

India’s trade surplus with US was minor compared to China, Japan and Mexico. But Trump slapped steel, aluminium tariffs & withdrew GSP benefits.

Modi and Trump to unveil long-pending trade deal at bilateral meeting in New York today

The ‘limited’ trade package was given final shape when Commerce Minister Piyush Goyal met US Trade Representative Robert Lighthizer in New York Monday.

India, US looking to ease trade tensions ahead of Modi-Trump meet

Easing of trade tensions will help India boost exports and cushion an economic slowdown caused by a collapse in domestic consumption.

US lawmakers urge Trump to reinstate GSP eligibility for India

Data shows that loss of India's designation as a beneficiary developing nation under the GSP cost American companies about USD 30 million in July.

Trade benefits with US gone, Modi govt now plans to offer a ‘better’ package to Trump

India watchers not optimistic that new offer, of better market access to US agriculture and dairy products, will cut much ice with Trump administration.

India is annoyed as Trump yanks its status as developing nation

The Trump administration decided to hold off on the announcement until after India’s elections to avoid hurting Modi politically.

Trump strips India of preferential trade status, gives Jaishankar his first challenge

The Donald Trump administration removed India's designation on the grounds that it had not assured US of providing "equitable and reasonable access" to its markets.

US extends duty benefits on Indian exports until next govt is formed

US has agreed to extend GSP benefits ‘long enough for India to revert after elections’, a move that comes after some ‘adroit diplomacy’ by New Delhi.

Threat of trade war with US looming, India to send delegation to Washington

Delegation will attempt to convince the US to extend its GSP programme, through which Delhi gets over $5 billion in zero or reduced tariffs.

On Camera

As a Hindu Canadian, I am deeply hurt by cancellation of Diwali. My community is now sidelined

Canada faces serious foreign interference issues, but these challenges must not be weaponized to unfairly target friendly and important allies like India.

Watch CutTheClutter: Flattening INR-USD rate, and debate on pros and cons of a ‘strong’ rupee

In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.

All about Major Bob Khathing, whose daring expedition & diplomatic parleys secured Tawang for India

The decorated Naga officer from Manipur also served as envoy to Myanmar & Nagaland chief secy. Defence Minister Rajnath Singh inaugurated a museum dedicated to the Tawang hero Thursday.

Xi wanted to teach India about imbalance of power. We should take a budgetary lesson from it

While we talk much about our military, we don’t put our national wallet where our mouth is. Nobody is saying we should double our defence spending, but current declining trend must be reversed.