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US in talks with India on market access, trade concessions under GSP: US Envoy
Jul-10-2020

The United States (US) ambassador to India Kenneth Juster has said that the US 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).

Juster said ‘The GSP by law requires that there be some market opening measures in recipience of that preferential system, and that's what we have been trying to reach an agreement on with the government of India’. He also said India and the United States needed to move to a free trade pact.

Last year, Washington scrapped India's trade concessions under the GSP programme that allowed duty-free entry to the US market for up to $5.6 billion of Indian exports in retaliation for New Delhi's high tariffs and rules on e-commerce.

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