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GSP SCHEME
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...- EU urged to stop rewarding Pakistan's human rights abuses with trade privilegesA protest outside the European Parliament highlighted Pakistan's human rights issues. Jamil Maqsood of UKPNP called for stricter EU account...
- 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...
- New rules to avail export concessions under UK schemeIn a trade notice, the Directorate General of Foreign Trade said that the United Kingdom (UK) has replaced its existing origin declaration ...
- Pakistan likely to lose GSP Plus statusIn 2020, 28 per cent of Pakistan's total exports to the EU were duty-free thanks to its GSP Plus status, and 78 per cent of these exports w...
- 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...
- Target $340-$350 bln in exports for FY 22; Budget proposal on seizure of goods ‘draconian’: FIEOAddressing a range of issues that are impeding growth for the exports sector, FIEO said that economic growth is not possible without a stro...
- 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...
- 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...
- As trade wars roil global markets, exporters are set for a difficult time: FIEO’s Ajay Sahai"We are not a major player who commands 10% of the global trade. Therefore little downfall in trade will affect," he said.
- Tax refund in the works for exports to USA Rebate of State Levies kind of scheme would help exporters and ensure India’s shipments don't fall.
- 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.
- India objects to US review of its zero duty exportsAs per the World Bank, a high income country in 2017 was one which has an annual per capita gross national income (GNI) of $12,476 or above...
- India appeals to US senators for revival of duty-free importsThe scheme allowing duty-free imports was stopped in Dec '10 when Congressional authorization for it was not renewed, following objections.
- Gems & jewellery may re-enter US sans dutyCentre is trying to bring the gems and jewellery sector back on the US government's generalised system of preferences (GSP) this year. Gita...
- 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...
- Will US Congress nuke the GSP scheme?After the passing of the Indo-US civilian nuclear bill, the government is carefully watching the US Congress schedule to see if a bill deal...
- Indian exports doing well on EU marketNearly half of India's exports to the 25-nation European Union (EU) entered at either zero duty or at reduced rates of duty during the last...
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