India: Trump's preferential trade status will have minimal impact
06 March, 2019
The government of India said that Donald Trump’s move to end preferential treatment will have very little impact.
Under what is known as the Generalised System of Preferences or GSP, India enjoys duty-free entry for up to USD 5.6 billion worth of its exports to the United States.
India’s Commerce Secretary Anup Wadhawan said that India felt it had come at a fairly reasonable stand balancing US aspirations with their own concerns which didn’t quite work on their end. He said India now is looking at a non-GSP trade pact with America.