US withdraws GSP Benefits Current Affairs, GK & News

US withdraws India’s GSP benefits

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 Key Highlights The US has withdrawn preferential tariffs to Indian exports.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 ..

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