US shocks off India, canceled suit

US shocks off India, canceled suit

◼️ US steps towards ending the beneficiary status of India under US GSP program, declares India's decision to cancel US exemption

◼️ The US decision will have to be taxed on goods exported from India and this will have major impact on the Indian export industry

◼️ Implementation will start for two months after the notification was issued to remove GSP from India, India is the largest beneficiary of the US GSP program.
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US shocks off India, canceled suit US shocks off India, canceled suit Reviewed by S Current Affairs on March 06, 2019 Rating: 5
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