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GSP BENEFITS IMPACT
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...
- 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 ...
- No decline in exports under GSP tariffs after benefits withdrawn: Piyush GoyalIn 2018, India exported goods worth of $6.3 billion (as per USTR figures) to the US under the GSP, which was around 12.1 per cent of India’...
- Apparel exports up 5% post Generalised System of Preferences withdrawal: Smriti Irani“Post-withdrawal of GSP, imports of apparel will be subject to higher tariff. As per provisional data, exports of apparel (post withdrawal ...
- US, India have made exploratory requests for greater market access: Piyush Goyal“Regular consultations with the concerned line ministries / departments and other stakeholder’s bodies is a part of the ongoing discussions...
- India, US talk restoration of GSP, withdrawal of tariffsIndia is in talks with the US to resolve bilateral trade differences, including restoration of GSP.
- 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...
- US move to hit gem, jewellery exports furtherIndia exported gem and jewellery worth $12.22 billion to the USA in calendar 2018.
- US withdrawal of trade benefits to impact gems and jewellery exports: ReportIndia tops the list of exporters to the US in this category, with more than 15 per cent share, the rating agency Crisil said.
- GSP withdrawal by US may moderately hit gem and jewellery exports: CrisilThe withdrawal of GSP will affect exporters of gems & jewellery the most because 15% of such exports availed of its benefits in 2018.
- We may try to convince US on GSP, but cannot sacrifice national interest: FIEO chiefI am sure the government is already in touch with US authorities and taking it forward, says Ajay Sahai
- "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.
- Withdrawal of GSP benefit to India: Stakeholders weigh in on ramifications of Trump trade warUS represents the highest share in Indian leather exports and the CLE has set a target to accomplish exports of $10 billion by 2024-25.
- US stops duty benefits for $5.6 billion of Indian exportsIndia says GSP withdrawal will not hit trade hard, may impose retaliatory duties on 29 US imports.
- No big deal! India says impact of US special trade status withdrawal limitedWashington wants to pull the plug on the Generalized System of Preferences scheme for India.
- Walmart supports India’s case for US Duty benefitsThe retailer has urged continuation of low or zero duty benefits for Indian exports worth $5.6bn to the US.
- 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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