Saturday, April 27

Tag: USTR

India’s Export Fall For the First Time in 5 Months
14Apr By Lavina TolaniNo Comments
INDIA

India’s Export Fall For the First Time in 5 Months

India's merchandise export has witnessed a plunge in March for the first time ever in five months widening the trade deficit over global trade and the U.S moves to review a programme allowing duty-free imports of goods. The US Trade Representative also said earlier on Thursday, that it has launched reviews over concerns that India and Indonesia were not complying with Generalized System of Preferences (GSP) programme on market access. India's merchandise export has fallen 0.7 percent in March to $29.1 billion, widening the trade gap to $13.7 billion due to an upsurge in imports, as indicated by government data on Friday. Import has risen to $42.8 billion (7.2 percent) in March. Coming to year fiscal close, goods exports has risen 9.8 percent to $302.8 billion while imports have ri...
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US to Review The GSP eligibility Of India
14Apr By Lavina TolaniNo Comments
USA

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....
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