Home / Knowledge / News / Textiles / Small US firms want status quo for GSP benefits for India

Small US firms want status quo for GSP benefits for India

03
Aug '18
The Office of the United States Trade Representative (USTR) has been petitioned by a number of small US businesses across sectors to continue extending tariff benefits under the generalised system of preferences (GSP) to India as withdrawing those could hit their own bottomlines, employment capabilities and welfare of employees associated with them.

In petitions to the USTR as part of the ongoing GSP Country Practice Reviews of India, Indonesia and Kazakhstan, the businesses have urged the US Government not to ignore the interests of numerous other sectors for the sake of the dairy, pork and the medical equipment industry that want the benefit to be withdrawn, according to a report in a top Indian business daily.

As imports are made with long-standing suppliers, in case the GSP status is revoked, identifying new suppliers with the same quality and price point would be extremely time-consuming, the businesses feel.

The GSP allows market access at nil or low duties for about 3,500 Indian products, including chemicals and textiles.

The United States, however, did not renew the scheme for India in April as the USTR wanted to hold an eligibility review. The complainants, primarily from the dairy and medical devices industry, are not happy with certain restrictions in the Indian market. (DS)

Fibre2Fashion News Desk – India


Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 30th May 2020

Iran sees high level of illegal apparel imports

Iran suffers from a high level of illegal apparel imports, with about ...

Pic: ASOS

Fashion | On 30th May 2020

Asos Marketplace sees increase in growth

In the times of lockdown, Asos Marketplace has witnessed strong...

Pic: Otrium

E-commerce | On 30th May 2020

Otrium raises €24 mn to extend fashion's life cycle

Otrium, an online fashion marketplace that helps global and...

Interviews View All

Arvind Saraf, Triveni Sarees

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Textile industry, Head honchos

Textile industry
Head honchos

Athleisure is the current buzzword in fashion

Janak Dhamanwala & Sunil Dhamanwala, Jansun

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Mark Tokuhara,

Mark Tokuhara

Japan-based FitJoy, a shoe brand for women, has been in the footwear...

Mirella Sardini,

Mirella Sardini

A leading manufacturer of automated machinery and equipment for the...

Abhishek Ralli,

Abhishek Ralli

Founded in 1962 in Agra, Guide Footwear manufactures men’s footwear for...

Lynda Kelly, Suominen Corporation

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Kevin Young & Tom Lucas, Web Industries

Kevin Young & Tom Lucas
Web Industries

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

Silke Brand-Kirsch, Schlegel und Partner GmbH

Silke Brand-Kirsch
Schlegel und Partner GmbH

<div>Schlegel und Partner is the market research and consultancy company...

Sailesh Singhania, Sailesh Singhania Label

Sailesh Singhania
Sailesh Singhania Label

The Sailesh Singhania label was created to promote handwoven sarees and...

Sweta Tantia, Tahweave & Garo

Sweta Tantia
Tahweave & Garo

Designer Sweta Tantia owns Garo, a couture indutva or ethnicwear brand,...

Ruma Devi, Gramin Vikas Evam Chetna Sansthan

Ruma Devi
Gramin Vikas Evam Chetna Sansthan

Ruma Devi is a jet-setting promoter of artisans who has empowered...

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


May 2020

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


Advanced Search