date:Jun 04, 2019
The US government has decided not to reverse the decision to terminate the Indian designation as a beneficiary developing nation under the Generalised System of Preferences (GSP), while saying that India must address the US concerns, particularly regarding the market access and data localisation.
Under the GSP, the US government gives preferences to developing nations through duty-free entry from the designated beneficiary country.
On March 4, 2019, the US administration announced a 60-day not