US to Review The GSP eligibility Of India
The United States Trade Representative (USTR) has officially announced that it is reviewing the eligibility of India, Kazakhstan, and Indonesia in the Generalised System of Preferences (GSP) based on "concerns about the countries" compliance programme.
GSP is by far the largest and most ancient US trade programme designed to favor economic development and allow duty-free entry of thousands of products across the boundaries from beneficiary countries.
For India, GSP country eligibility review is based on its compliance with GSP market criterion while for Indonesia the eligibility review is based upon its compliance with GSP market criterion, GSP services as well as an investment criterion.Kazakhstan, on the other hand, has its eligibility concerns based on GSP worker rights criterion....