English Article

At a standstill’

The recent decision of the US to give notice of its intention to rescind India’s export privileges under the Generalised System of Preferences (GSP) has refocused attention on the state of Indian exports. Under the GSP programme, the US provides duty-free access to 4,800 different goods from 129 designated countries. The immediate loss for India is preferential access at zero or minimal tariffs to the US market for around 1,900 products..........