Implications of loss of US preferential trade status

By Manoj Kumar, Hammurabi & Solomon
0
1441
LinkedIn
Facebook
Twitter
Whatsapp
Telegram
Copy link

As the US announced the withdrawal of preferential trade status enjoyed by India in relation to duty free exports from India to the US, it continues to push India for measures to correct the US trade deficit, pegged at US$27 billion in trade relating to goods and services.

India presently enjoys certain duty free imports under a programme called the Generalized System of Preference of the US, a programme meant for supporting the economic development of eligible developing countries. 2017 figures peg the volume of imports from Indian into the US at US$5.6 billion, approximately 12% of all imports under the Generalized System of Preference programme.

Manoj-Kumar-Hammurabi-&-Solomon
Manoj Kumar
Founder and
managing partner
Hammurabi & Solomon

The programme further requires developing countries benefiting from this duty free import regime to comply with certain market access requirements. The US feels that India has failed to meet these market access requirements, and hence intends to pull the plug on duty free imports from India under the Generalized System of Preference programme.

You must be a subscribersubscribersubscribersubscriber to read this content, please subscribesubscribesubscribesubscribe today.

For group subscribers, please click here to access.
Interested in group subscription? Please contact us.

你需要登录去解锁本文内容。欢迎注册账号。如果想阅读月刊所有文章,欢迎成为我们的订阅会员成为我们的订阅会员

已有集团订阅,可点击此处继续浏览。
如对集团订阅感兴趣,请联络我们

Manoj Kumar is the founder and managing partner at Hammurabi & Solomon.

Hammurabi & Solomon
405A & 405B, 4th Floor
Rectangle One, Gate No. 3
Plot No. D-4, Saket District Centre
New Delhi – 110017, India

Delhi | Gurugram | Mumbai | Bengaluru | Patna | Ranchi

Contact details
Tel: +91 11 4155 1825
Email: mailadm@hammurabisolomon.com
Website: www.hammurabisolomon.com

LinkedIn
Facebook
Twitter
Whatsapp
Telegram
Copy link