Current Affairs

GK MCQs Section

GSP

US removed “Developing” Tag for India: What are its implications?

Recently, the United States of America removed the “developing” tag for dozens of countries. India is one amongst them. These countries are to be classified as developed economies...

February 17, 2020

India to partially open up Poultry and Diary Markets to imports from US

Ahead of President Trump’s visit by the end of February 2020, GoI has announced that it is to partially open the poultry and Diary market to imports from...

February 14, 2020

India not eligible for US’ GSP benefits

The United States Trade Representative’s (USTR’s) office has recently classified India as a developed economy and it is ineligible for GSP benefits from the US. The Generalized System of Preferences...

February 12, 2020

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The United States has withdrawn preferential tariff benefits to India under its Generalized System of Preferences (GSP) Scheme.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 to end preferential trade terms Under GSP for India

The US President Trump has terminated India’s designation as a beneficiary developing nation under the Generalized System of Preference (GSP) trade programme. Why did the US Withdrew? The...

June 3, 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

US Plans To End India’s Preferential Trade Status

President Trump notified the Congress his intent to terminate trade benefits for both India and Turkey under the Generalized System of Preference (GSP) eligibility criteria. India and GSP...

March 6, 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

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