Generalised System of Preferences Current Affairs - 2020

USISPF meets PM Modi

The US-India Strategic Partnership Forum met PM Narendra Modi on October 21, 2019. The discussion of the meeting was based on the steps to ensure Ease of Doing Business. Inferences from the meeting The meeting expressed the reposing faith on Indian Economy among the US industries and commerce circles. In spite of hindrances in the Read More…

Tariff War: India levies retaliatory tariffs on 28 US products

In a tit-for-tat trade battle between the United States (US) and India, latter imposed higher tariffs on 28 American goods including almonds, apples and walnut in retaliation to US tariffs. Key Highlights Among targeted US products imported, the custom duty on walnut is increased from 30% to 120%, and on chickpeas, masur dal and Bengal Read More…

US considers withdrawing Generalised System of Preferences from India

The United States is reportedly considering withdrawal of benefits to India under its Generalised System of Preferences amid a widening dispute over its trade and investment policies. The US Trade Representative (USTR) is in the process of completing the review of India’s status as a GSP beneficiary and an announcement was expected over the next Read More…