Home / Knowledge / News / Apparel/Garments / US lawmakers urge Trump to delay GSP decision on India

US lawmakers urge Trump to delay GSP decision on India

01
Apr '19
US lawmakers urge Trump to delay GSP decision on India
President Donald Trump should delay his decision to terminate the preferential trade status granted to India till the national elections in the country get over, several influential US lawmakers, including Democratic Party presidential aspirant Tulsi Gabbard, said recently. Gabbard acknowledged at a conference that Indo-US trade ties are facing a challenge.

The termination of the generalised system of preferences should be delayed so that a non-political conversation can be held on the issue, Gabbard said at a recent conference on ‘The US-India Partnership: Economic, Immigration & Strategic Issues’.

Trump this month informed the US Congress about his intent to terminate the designation of India as a beneficiary developing country under the GSP programme that facilitates duty free import of certain products from underdeveloped countries to help grow their economies.

India was the largest beneficiary of the programme in 2017 with $5.7 billion in imports to the United States given duty-free status, according to a January report of the US Congressional Research Service.

Republican Congressman George Holding, who is co-chair of the Congressional India Caucus, said India has been in the GSP for three decades and the time before general elections is not right to address that, according to a news agency report.

Swadesh Chatterjee, chair of US-India Friendship Council, said Trump’s decision would impact more than 10 per cent of the total goods and services between the United States and India and this will definitely create some issues between the two nations. (DS)

Fibre2Fashion News Desk – India


Must ReadView All

Pic: Shutterstock

Textiles | On 16th Sep 2021

Australia, Bangladesh sign Trade and Investment Framework Arrangement

In a recent virtual ceremony, Bangladesh and Australia signed the...

Pic: Ministry of Foreign Affairs, the People's Republic of China

Textiles | On 16th Sep 2021

China urges US to initiate steps to repair damaged bilateral ties

China recently urged the United States to initiate steps to repair...

Pic: Shutterstock

Apparel/Garments | On 16th Sep 2021

Bangladesh seeks 12-year duty-free access to EU after LDC graduation

Bangladesh commerce minister Tipu Munshi is hopeful that the European ...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Luxury is not just about high prices but ability to create desire

Textile Industry, Head honchos

Textile Industry
Head honchos

Next level is to inject new features:

Gaurav Davda, Jindal Worldwide Ltd

Gaurav Davda
Jindal Worldwide Ltd

Indian MMF sector to become globally competitive

Andrea Pelissero,

Andrea Pelissero

Located near Milan, Italy, and with 50 years of experience in the textile...

Sanjay Jhunjhunwalla,

Sanjay Jhunjhunwalla

In the financial hub of eastern India, Kolkata, a humble production...

Rishav Bajoria & Subham Sengupta,

Rishav Bajoria & Subham Sengupta

Launched in October 2020, the Gumti app could not have come at a more...

Kevin Young & Tom Lucas, Web Industries

Kevin Young & Tom Lucas
Web Industries

Web Industries is a precision formatter of nonwoven materials used in baby ...

Jacques Prigneaux, EDANA

Jacques Prigneaux
EDANA

EDANA has been the leading global association and voice of the nonwovens...

Daniel Roxbury, University of Rhode Island

Daniel Roxbury
University of Rhode Island

Assistant professor Daniel Roxbury and former URI graduate student...

Sweta Agarwal, A Humming Way

Sweta Agarwal
A Humming Way

A Humming Way (AHW) is inspired by the old-world regalia of Rajasthan...

Abhishek Agarwal, Purple Style Labs

Abhishek Agarwal
Purple Style Labs

Late Indian fashion designer Wendell Rodricks, is known for his...

Archana Jaju, Label Archana Jaju

Archana Jaju
Label Archana Jaju

<b>Archana Jaju</b>’s Hyderabad-based eponymous label works with artisans...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


September 2021

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search