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
Powered by cricketnext logo
News18 » India
1-min read

US Says GSP for India 'Nothing Irreversible' if Some Issues Are Sorted Out

US secretary of commerce Wilbur Ross said there were three outstanding issues and 'Indian trade people' are working on a proposal that US is keen to hear and hopefully be dealt with.

Maha Siddiqui | CNN-News18

Updated:November 5, 2019, 2:09 PM IST
facebookTwitter Pocket whatsapp
US Says GSP for India 'Nothing Irreversible' if Some Issues Are Sorted Out
Representative Image

US secretary of commerce Wilbur Ross on Tuesday said India and US are working on issues that led to the withdrawal of the GSP status (Generalized System of Preference) for India. In response to a question by News18 on a teleconference briefing from Bangkok, Secretary Ross said there is “nothing that’s irreversible about the GSP decision”.

He said there were three outstanding issues and “Indian trade people” are working on a proposal that US is keen to hear and hopefully be dealt with. He added that it was indeed a “couple of specific items that led to it (withdrawal), if those get resolved then there is no reason it couldn’t be re-restored”.

US withdrew India's GSP status from June 5. The GSP allowed duty-free imports for some products from designated beneficiary countries, including India. The Trump administration accused India of not giving equitable market access to some US products like medical equipment and also piled pressure on doing away with mandatory certification on dairy products, following which GSP was withdrawn.

When asked about the mini trade deal between India and US, Secretary Ross was not very forthcoming in revealing where it was headed but he said US "was eager to make further progress with India”. He added that the matter was discussed in the meeting between Prime Minister Narendra Modi and President Donald Trump on the sidelines of the UNGA in New York and also in Houston in what he described as a "gigantically successful" rally in September.

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

facebookTwitter Pocket whatsapp

Live TV

Countdown To Elections Results
To Assembly Elections 2018 Results