Current Affairs

GK MCQs Section

Generalized System of Preferences

What is GSP in the United States of America?

The United States of America’s Generalized System of Preferences (GSP) is the oldest and largest trade preference program established under the Trade Act of 1974 by the US...

December 14, 2019

Preferential Tariff Benefits to India

The United States has withdrawn preferential tariff benefits to India under its Generalized System of Preferences (GSP) Scheme. India is a beneficiary of preferential tariff benefits provided by...

June 24, 2019

India to Impose Retaliatory Tariff on American Goods

India has decided to impose long-pending retaliatory tariffs on 29 US products. This is seen as India s retaliatory measure against US decision to impose tariffs on Indian...

June 15, 2019

US takes India off Currency Watch List

The US government has removed India from its currency monitoring watchlist. The countries in the list will be closely monitored by the US for the potential questionable foreign...

May 30, 2019

Robert Lighthizer urged to not to terminate GSP programme

The Generalized System of Preference (GSP) is the largest and oldest US trade preference programme and is designed to promote economic development by allowing duty-free entry for thousands...

May 3, 2019

Generalized System of Preferences (GSP)

The Generalized System of Preferences (GSP) is a U.S. trade program designed to promote economic growth in the developing world by providing preferential duty-free entry for up to...

May 21, 2018

Generalized System of Preferences: US announces eligibility review of India

The United States Trade Representative (USTR) has formally announced that it is reviewing eligibility of India, Indonesia and Kazakhstan in Generalized System of Preferences (GSP) based on concerns...

April 14, 2018

India-Pakistan: Implications of MFN Status

According to WTO, MFN status means that every time a country lowers a trade barrier or opens up a market, it has to do so for the same...

December 29, 2011

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