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GSP BENEFITS
EU’s new GSP rules to impact only 2.66% of India’s exports: GovtNew EU GSP rules, effective January 1, 2026, will impact only 2.66% of India's exports to the bloc. Agricultural products are excluded, and...- EU suspends export benefits for certain Indian goods ahead of key FTA conclusionThe European Union has suspended export benefits for a significant portion of Indian goods, including textiles and metals, effective Januar...
- India should not push for GSP benefits from US as gains are marginal, says GTRIIndia should accept the end of benefits under the US GSP scheme and not seek their return in future talks. Think tank GTRI suggests this, a...
- Restoration of GSP benefits by US to India is need of the hour: CII EXIM committee chairmanAn early solution for restoration of GSP benefits by the US to Indian exporters is the need of the hour as it would help further boost the ...
- Withdrawal of duty benefit scheme by UK may impact labour intensive goods' exportersLabour intensive sectors, including certain textile items, leather goods, carpets, iron & steel goods and chemicals may get impacted due to...
- EU to end duty benefits for 1,800 goods under Generalised Tariff Preference SchemeExports of almost 1,800 products of plastics, fur, stone, plaster, cement, asbestos, and machinery and mechanical appliances will cease to ...
- Exports of 1,945 products to US grow by 5 per cent in June-December sans GSP incentives"India's exports to the US, which were under the GSP lines have shown an increase of 5 per cent in the period of June-December 2019 as comp...
- No decline in exports under GSP tariffs after benefits withdrawn: Piyush GoyalIn 2018, India exported goods worth of $6.3 billion (as per USTR figures) to the US under the GSP, which was around 12.1 per cent of India’...
- India's exported $6.3 bn worth of goods in 2018 under export incentive of USIndia is a beneficiary of the GSP provided by Armenia, Australia, the European Union, Japan, Kazakhstan, New Zealand, Norway, Russia, Switz...
- India expects US govt to restore benefits under GSPThe US terminated preferential tariffs to Indian exports after determining that it has not committed to provide “equitable and reasonable a...
- GSP countries like India to benefit from US trade war with China: ReportTrump announced that the US intends to terminate India's designations as a beneficiary developing country under the GSP programme.
- GSP countries to benefit from trade war with China: ReportIn the first quarter of 2019, GSP saved American companies USD 285 million. That is USD 63 million more than the first quarter of 2018 itse...
- 25 US lawmakers urge authorities not to terminate GSP benefits to IndiaThey argued that terminating GSP for India would hurt American companies seeking to expand their exports to India.
- "Irreparable" damage or no impact, India-US need to sort withdrawal of GSP benefits bilaterallyIn a GSP Subcommittee hearing India said withdrawal of GSP benefits would cause irreparable damage to its exports.
- India requests US to maintain GSP beneficiary statusAmerica's Generalized System of Preferences program (GSP) provides for the preferential treatment of designated articles when imported from...
- India may move WTO if US denies preferential treatment to exportsUS GSP trade programme aims at promoting economic growth in developing world by allowing duty-free entry to select goods.
- USTR formally launches GSP eligibility review of IndiaThe reviews USTR said are based on the Trump administration’s new GSP country eligibility assessment process as well as GSP country eligibi...
- US to review 3,500 Indian exports getting duty free accessIndia is the largest beneficiary of the GSP among developing countries at $5.6 billion with 3,500 products getting duty-free access to the ...
- Jewellery exports to US lose GSP crutchDespite strong lobbying by the Indian industry for extension of duty-free access to Indian gold jewellery in the US market, the US governme...
- Jewellery traders see ray of hopeThe India lobby in the House of Representatives has got into action to bail out gems and jewellery exporters who may soon lose their duty-f...
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