Home c_affairs 44 Top US Lawmakers Want India's Trade Preference Status Reinstated..

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WASHINGTON DC- 

 A bipartisan group of 44 influential lawmakers has urged the Trump administration to reinstate India's designation as a beneficiary developing nation under the key GSP (Generalised System of Preferences) trade programme as part of a potential trade deal between the two countries.

 The Trump administration ended India's designation as a beneficiary developing nation under its key Generalised System of Preferences (GSP) in June 2019.

 Despite losing preferential treatment, the import of India’s GSP-eligible products into the US increased by over 40 percent in June 2019, in comparison to last year.
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