Generalised System Of Preference

India and the US are negotiating on a wide range of trade concerns, including greater access to the Indian market for American agricultural products, potentially in exchange for America restoring New Delhi's status under the Generalised System of Preferences (GSP), according to a Congressional report.

The United States is in talks with India on market access for its goods in exchange for reinstating New Delhi's trade concessions under the Generalised System Of Preferences (GSP), USambassador to India Kenneth Juster said on Thursday.

A delegation of officials from the United States will travel to India next week to give final touches to the India-US trade deal.

The US and India are reportedly discussing a deal to allow the Trump administration to reinstate the Generalised System of Preference for India in exchange for certain market access commitments to America, a US Congressional report has informed the lawmakers.

India meets the criteria for trade concessions that the United States eliminated in June, Foreign Secretary Vijay Gokhale said on Thursday.

US President Donald Trump has ended India's designation as a beneficiary developing nation under the key trade preference programme after determining that India has not assured the US of providing "equitable and reasonable access to its markets."

A US plan to end preferential duty-free imports of up to $5.6 billion from India could raise costs for American consumers, two US senators have told their country's trade office, urging a delay in adopting the plan, and seeking more negotiations.

Hours after US President Donald Trump announced his decision to end preferential trade treatment for India, the government today said that the move will not have a "significant impact". India currently enjoys duty-free entry for upto $5.6 billion worth of its exports to the US, under what is known as the Generalised System of Preferences or GSP.

US President Donald Trump looked set to open a new front in his trade wars today with a plan to end preferential trade treatment for India that allows duty-free entry for $5.6 billion worth of the country's exports to the United States.

Trigger for latest downturn in trade ties was India's new rules on e-commerce that restrict the way Amazon and Walmart-backed Flipkart do business.

Bangladesh needs to take more concrete steps to improve safety of its workers before US President Barack Obama could consider revoking its suspension from the Generalised System of Preferences (GSP) trade benefits, a top US administration official has said.

A US think tank on Tuesday recommended Congress suspend trade benefits for India, in the latest sign of US frustration over Indian policies that block American exports and "free ride" on costly US research to develop new medicines and other forms of valuable intellectual property.

India and the US are negotiating on a wide range of trade concerns, including greater access to the Indian market for American agricultural products, potentially in exchange for America restoring New Delhi's status under the Generalised System of Preferences (GSP), according to a Congressional report.

The United States is in talks with India on market access for its goods in exchange for reinstating New Delhi's trade concessions under the Generalised System Of Preferences (GSP), USambassador to India Kenneth Juster said on Thursday.

A delegation of officials from the United States will travel to India next week to give final touches to the India-US trade deal.

The US and India are reportedly discussing a deal to allow the Trump administration to reinstate the Generalised System of Preference for India in exchange for certain market access commitments to America, a US Congressional report has informed the lawmakers.

India meets the criteria for trade concessions that the United States eliminated in June, Foreign Secretary Vijay Gokhale said on Thursday.

US President Donald Trump has ended India's designation as a beneficiary developing nation under the key trade preference programme after determining that India has not assured the US of providing "equitable and reasonable access to its markets."

A US plan to end preferential duty-free imports of up to $5.6 billion from India could raise costs for American consumers, two US senators have told their country's trade office, urging a delay in adopting the plan, and seeking more negotiations.

Hours after US President Donald Trump announced his decision to end preferential trade treatment for India, the government today said that the move will not have a "significant impact". India currently enjoys duty-free entry for upto $5.6 billion worth of its exports to the US, under what is known as the Generalised System of Preferences or GSP.

US President Donald Trump looked set to open a new front in his trade wars today with a plan to end preferential trade treatment for India that allows duty-free entry for $5.6 billion worth of the country's exports to the United States.

Trigger for latest downturn in trade ties was India's new rules on e-commerce that restrict the way Amazon and Walmart-backed Flipkart do business.

Bangladesh needs to take more concrete steps to improve safety of its workers before US President Barack Obama could consider revoking its suspension from the Generalised System of Preferences (GSP) trade benefits, a top US administration official has said.

A US think tank on Tuesday recommended Congress suspend trade benefits for India, in the latest sign of US frustration over Indian policies that block American exports and "free ride" on costly US research to develop new medicines and other forms of valuable intellectual property.