{"id":1873,"date":"2019-06-21T05:26:05","date_gmt":"2019-06-21T05:26:05","guid":{"rendered":"https:\/\/www.gkseries.com\/blog\/?p=1873"},"modified":"2019-06-21T05:26:06","modified_gmt":"2019-06-21T05:26:06","slug":"us-terminated-indias-preferential-trade-status-under-gsp-programme","status":"publish","type":"post","link":"https:\/\/www.gkseries.com\/blog\/us-terminated-indias-preferential-trade-status-under-gsp-programme\/","title":{"rendered":"US terminated India&#8217;s preferential trade status under GSP programme"},"content":{"rendered":"\n<p><strong>Generalized System of\nPreference&nbsp;<\/strong>(<strong>GSP<\/strong>) is the largest and oldest US trade\npreference programme.<br>\nIndia was the largest beneficiary of the GSP programme in 2017 with $5.7\nbillion in imports to the US given duty-free status.<br>\n<strong>Reason for US withdrawing India\u2019s GSP benefits<\/strong>:<br>\nThe move was taken on determining that India has not committed to provide\n\u201cequitable and reasonable access to its markets\u201d for the US.<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>US\u2019s\n     trade imbalance with India,<\/li><li>No\n     access to Indian market for US dairy,<\/li><li>Medical\n     device industry and<\/li><li>Issues\n     related to data localisation norms.<\/li><\/ul>\n\n\n\n<p>\n\nOn March 4, Trump announced\nthat the US intends to terminate India&#8217;s designations as a beneficiary\ndeveloping country under the GSP programme. The 60-day notice period ended on\nMay 3.\n\n\n\n<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Generalized System of Preference&nbsp;(GSP) is the largest and oldest US trade preference programme. India was the largest beneficiary of the GSP programme in 2017 with $5.7 billion in imports to the US given duty-free status. Reason for US withdrawing India\u2019s GSP benefits: The move was taken on determining that India has not committed to provide [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":1874,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[45],"tags":[],"class_list":["post-1873","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-affairs-articles"],"_links":{"self":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/1873","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/comments?post=1873"}],"version-history":[{"count":1,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/1873\/revisions"}],"predecessor-version":[{"id":1875,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/1873\/revisions\/1875"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media\/1874"}],"wp:attachment":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media?parent=1873"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/categories?post=1873"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/tags?post=1873"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}