Generalized System of Preferences (GSP) Current Affairs, GK & News

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 4,800 products from 129 designated beneficiary countries and territories. US congress has voted to renew the GSP through 2020. US has announced eligibility review of India, Indonesia and ..

India removed from US’s Currency Watchlist

In a recent announcement by United States, it has removed India and Switzerland from the currency monitoring lists. The US has retained other countries like China, Japan and Germany in the list. Key Highlights Background: It was in May 2018 when for the first time India was placed by US in its currency monitoring list ..