Home / Knowledge / News / Textiles / US revokes duty-free benefits on import of 50 Indian items

US revokes duty-free benefits on import of 50 Indian items

02
Nov '18
US revokes duty-free benefits on import of 50 Indian items
The Office of the United States Trade Representative (USTR) has revoked duty-free concessions on import of at least 50 Indian products, mostly from the handloom and agriculture sectors. The federal register notification mentioned 90 products that were so far subject to duty-free provisions under the generalized system of preferences (GSP).

President Donald Trump issued a presidential proclamation recently, leading to the removal of these products from the privilege beginning November 1.

These products may continue to be imported subject to regular most favoured nation duty-rates, a news agency reported.

In 2017, the duty-free export to the United States by India, the largest beneficiary of the GSP, under the scheme was to the tune of more than $ 5.6 billion.

The list conveys that a large number of small and medium businesses could be impacted, in particular handloom and agricultural sector, the report said.

Products from Pakistan, Ecuador, Brazil, Thailand, Suriname, Turkey, the Philippines, Argentina and Indonesia have also been removed from the GSP list.

Indian products part of the list include many kinds of buffalo leather; dyed, plain weave certified hand-loomed fabrics of cotton, containing 85 per cent or more cotton by weight; and plain weave certified hand-loomed fabrics of cotton, containing 85 per cent or more cotton by weight, hand-loomed carpet and other textile floor coverings, not of pile construction, woven, made up of man-made textile materials. (DS)

Fibre2Fashion News Desk – India


Must ReadView All

Pic: Shutterstock

Textiles | On 24th Jun 2021

Canada, Indonesia discuss Comprehensive Economic Partnership Agreement

Canada and Indonesia recently began negotiations over a Comprehensive ...

Pic: Shutterstock

Textiles | On 24th Jun 2021

US-PRC trade war jolts cost global value chains 3-5 yrs of growth: UN

Trade shocks induced by the tariff battle between the United States...

Pic: Shutterstock

Textiles | On 24th Jun 2021

Prime Content| South Korean textiles & clothing exports to China may rise: TexPro

South Korean textiles and clothing exports to China are expected to...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Donating 20,000 N95 masks to hospitals & NGOs

Textile Industry, Head honchos

Textile Industry
Head honchos

Marry craft and utility

Textile Industry, Head honchos

Textile Industry
Head honchos

Value of 'Made in India' should get more importance

Emmi Berlin,

Emmi Berlin

With the support of the first investors - Finland's Technical Research...

Erwin Devloo,

Erwin Devloo

The Picanol Group is a diversified industrial group active worldwide in...

Noemi Sanchez,

Noemi Sanchez

Established since 1846, Evlox is a specialised denim manufacturer with its ...

Dave Rousse, INDA

Dave Rousse
INDA

INDA, a global association of the nonwoven fabrics industry, has been...

Madison Maxey, Loomia

Madison Maxey
Loomia

Loomia designs and manufactures soft circuit systems that can be produced...

Dave Rousse, INDA

Dave Rousse
INDA

INDA, the Association of the Nonwoven Fabrics Industry, serves hundreds of ...

Vidur Adlakha & Riccardo Bennidini, La Fuori

Vidur Adlakha & Riccardo Bennidini
La Fuori

With an active presence in US, Italy and India, clothing brand La Fuori...

Seema Agrawal, Artisan Saga

Seema Agrawal
Artisan Saga

Artisan Saga, founded by Kaushik Rajani and Seema Agrawal, is an online...

Abhishek Bajaj & Samiksha Bajaj, Samshek

Abhishek Bajaj & Samiksha Bajaj
Samshek

Samshek is a fashion forward tech brand which combines digital experience...

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


June 2021

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


Advanced Search