Tuesday, 24 May, 2022
TopicGSP

Topic: GSP

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

Nayanima Basu -
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

Sreeram Chaulia -
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

Nayanima Basu -
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

Shruti Srivastava -
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

PTI -
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

Nayanima Basu -
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

Justin Sink -
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

PTI -
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

Nayanima Basu -
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

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