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India protests againts US review of its zero duty exports

The Indian government has objected to US decision of reviewing the eligibility of its $5.6 billion worth of exports that get low or zero duty benefit in the US.

The US had announced in April that it would review preferential or duty-free access to its market for India’s exports including mechanical and electrical machinery, organic and inorganic chemicals, plastics and vegetables as part of the Generalised System of Preferences (GSP) scheme.

The review will impact almost 3,500 Indian products being exported to the US. The US wants to review India’s eligibility based on petitions filed by its dairy and medical device industries given Indian trade barriers affecting US exports in those sectors.

The US had changed the qualifications norms for its GSP programme last year. Now, a beneficiary country must meet 15 eligibility criteria established by the Congress, including equitable and reasonable market access.

Global norms governing the scheme state that developed countries should not expect developing countries to make matching offers in return for granting trade concessions.

India has cited this non-discrimination, non-reciprocity clause of the programme to argue its case.

 

 
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