Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
News18 English
News18 » India
1-min read

India Meets Criteria to Reclaim Trade Concessions Eliminated in June, US Should Reconsider, Says Govt

The statement came ahead of Prime Minister Narendra Modi's meeting with President Donald Trump on his visit to the US from September 21-27.

Agencies

Updated:September 19, 2019, 6:45 PM IST
facebookTwitterskypewhatsapp
India Meets Criteria to Reclaim Trade Concessions Eliminated in June, US Should Reconsider, Says Govt
File photo of PM Modi and Donald Trump

New Delhi: India meets the criteria for trade concessions under the US Generalised System of Preferences (GSP), Foreign Secretary Vijay Gokhale said on Thursday, asserting that it was up to Washington to take a call on the issue.

His remarks came a day after a bipartisan group of 44 US lawmakers urged the Trump administration to reinstate India's designation as a beneficiary developing nation under the key GSP trade programme as part of a potential trade deal between the two countries.

The administration of Donald trump terminated India's designation as a beneficiary developing nation under the GSP on June 5. The 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.

Gokhale, at a press conference on Prime Minister Narendra Modi's upcoming visit to the US, said, "We have seen the letter written by these 40-odd Congressmen. It has always been India's position that GSP is a unilateral decision given by countries to other countries based on certain criteria."

"We are a developing country, we meet those criteria. I do not recall our ever stating, we are not interested in GSP. To my recollection the US unilaterally withdrew that concession from us," Gokhale said.

"Our position in the matter is clear, we believe that GSP is something which is important for our industry, but ultimately it is a matter for the US to take a call on," he said.

In a letter to US Trade Representative Robert Lighthizer, the House members suggest an "early harvest" approach that "would ensure that long-sought market access gains for US industries are not held up by negotiations over remaining issues".

US President Donald Trump and Prime Minister Narendra Modi will meet on September 22 in Houston and the two sides hope to announce a potential deal on longstanding trade issues, including GSP, a media report said.

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

Read full article
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp

Live TV

Countdown To Elections Results
To Assembly Elections 2018 Results