US restores duty-free access for Indian, Pak
Citing progress on intellectual property and worker rights, US President George W Bush has restored duty-free access for some Indian and Pakistani exports to the US.
By PTI |
WASHINGTON: Citing progress on intellectual property and worker rights, US President George W Bush has restored duty-free access for some Indian and Pakistani exports to the US.
In a proclamation, Bush expressed satisfaction with India and Pakistan's intellectual property protection and resumed Generalized Special Preference (GSP) or duty-free treatment for some Indian and Pakistani exports to the US.
"After a review of the current situation in India and taking into account the factors set out in section 502 of the 1974 Act, in particular section 502(c)(5), I have determined that India has made progress in providing adequate and effective protection of intellectual property rights. Accordingly, I have determined to terminate the suspension of India's duty-free treatment for certain articles under the GSP," he said yesterday.
He said the US reviewed the current situation in Pakistan and determined that the country had taken or is taking steps to afford workers in that country internationally recognized worker rights and is determined to restore Islamabad's eligibility for certain articles.
The list of products was, however, not available.
In a proclamation, Bush expressed satisfaction with India and Pakistan's intellectual property protection and resumed Generalized Special Preference (GSP) or duty-free treatment for some Indian and Pakistani exports to the US.
"After a review of the current situation in India and taking into account the factors set out in section 502 of the 1974 Act, in particular section 502(c)(5), I have determined that India has made progress in providing adequate and effective protection of intellectual property rights. Accordingly, I have determined to terminate the suspension of India's duty-free treatment for certain articles under the GSP," he said yesterday.
He said the US reviewed the current situation in Pakistan and determined that the country had taken or is taking steps to afford workers in that country internationally recognized worker rights and is determined to restore Islamabad's eligibility for certain articles.
The list of products was, however, not available.
Download
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
ADVERTISEMENT
