News & Media

United States Intention to Withdraw GSP Benefit to India

Mar 29, 2019
  • Published by : ET Online
  • Author(s) : Ambarish Sathianathan
  • On March 4, 2019, the Office of the United States Trade Representative (“USTR”) issued a Press Release conveying the intention of the United States (“US”) to terminate the Generalized System of Preferences (“GSP”) treatment provided to India. According to the Trade Act of 1974, the intended change of the  GSP status for India cannot take effect for at least 60 days after the notification is given to the Congress  and the Government of India. This article examines the impact such a move will have.

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