GSP Benefits Current Affairs, GK & News
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 Highlights The “Developing” status for a country in the US is associated with US Trade Act, 1974. The act authorized General System of Preferences (GSP). The intention ..
Category: Economy & Banking Current Affairs
The United States of America (USA) President Donald Trump terminated India’s designation as a beneficiary developing nation under the GSP (Generalized System of Preference) trade program w.e.f. 5 June 2019. Key Highlights The US has withdrawn preferential tariffs to Indian exports. The step was taken on determining that India has not committed to provide “equitable ..
Month: Current Affairs - June, 2019