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India responds to US decision to withdraw India’s GSP benefits

Newdelhi:1/6/19:India has responded to a decision by United States of America (USA) to withdraw India’s GSP benefits with effect from 5th June 2019. In a press statement, Commerce Ministry today said that these are unilateral, non-reciprocal and non-discriminatory benefits extended by some developed countries to developing countries. It said that India, as part of our bilateral trade discussions, had offered resolution on significant US requests in an effort to find a mutually acceptable way forward. It is unfortunate that this did not find acceptance by the US.

India, like the US and other nations, shall always uphold its national interest in these matters. The statement said we have significant development imperatives and concerns and our people also aspire for better standards of living. This will remain the guiding factor in the Government’s approach.

India said it will continue to build on the strong ties with the US, both economic and people-to-people. It expressed confidence that the two Nations will continue to work together for further growing these ties in a mutually beneficial manner.

In a proclamation yesterday, President Donald Trump had terminated India’s designation as a beneficiary developing nation under the key GSP trade programme after determining that it has not assured the US that it will provide “equitable and reasonable access” to its markets.

The Generalized System of Preference (GSP) is the decades’ old trade preference programme which allows designated beneficiary countries to export goods to the United States without paying duties.

About Ashok Palit

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.

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