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US President Donald Trump Terminates Preferential Trade Status For India Under GSP

Original link: https://www.youtube.com/watch?v=M0DLgAZ1Y1I

President Donald Trump has terminated India’s designation as a beneficiary developing nation under the key GSP trade programme after determining that it has not assured the US that it will provide “equitable and reasonable access to its markets.” The Generalized System of Preference (GSP) is the largest and oldest US trade preference programme and is designed to promote economic development by allowing duty-free entry for thousands of products from designated beneficiary countries

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