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During the Indian visit of the US President Donald Trump, India and the US signed a $3 billion military helicopter deal. It includes the deal for 24 MH-60 Sikorsky Romeo multi-role helicopters and 6 Apache attack choppers. The Romeo Seahawk helicopters, which are to be deployed in Indian Navy, have state-of-the-art combat systems. The Apache ..
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 (GSP) scheme offers a lower tariff to the exporters of a select group of developing countries. India is the largest beneficiary nation under the GSP, which enjoyed ..
The Deputy U.S. Trade Representative (USTR) has stated that the U.S. will consider a 301 investigation which is a precursor to tariffs and other trade measures. if the trade issues between the two countries are not resolved quickly. The U.S. which is opposing the data localization provisions said India finalizing data localisation policies could be deal-breaker, paving ..
The US Senate has passed the National Defence Authorisation Bill for the fiscal year 2020. The legislative provision brings India at par with America’s NATO allies like South Korea, Australia and Japan. Strengthening India-US Relations The bill provides for an enhanced US-India defence cooperation in the Indian Ocean in the areas of humanitarian assistance, counterterrorism, ..
The US has reiterated its reservations about India s S-400 missile system deal with Russia and has urged India to look into other options to avoid the sanctions CAATSA (Countering America s Adversaries Through Sanctions Act). S-400 Deal India had signed a deal to procure five S-400 Triumf missile systems from Russia. S-400 Triumf is ..
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 goods and withdrawal of the Generalized System of Preferences (GSP) for Indian exports. India will be imposing additional customs duties on 29 US products, including almond, walnut ..
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 US has stated that: India did not assure the US that it will provide equitable and reasonable access to its markets. India has implemented a wide array ..
The sanctions waiver from the US has curtailed the Indian crude imports from Iran. But the fact that Iran was an important supplier of crude to India cannot be sidelined because: Iran is India’s third-largest oil supplier behind Iraq and Saudi Arabia. Iran was the second largest after Saudi Arabia until 2010-11. But the sanctions ..