Generalized System of Preferences (GSP) programme

GENERALIZED SYSTEM OF PREFERENCES (GSP) PROGRAMME   For: Preliminary & Mains: GS-II, III Topic covers: GSP – Functions, advantages, objectives, Impact on trade   News Flash India will lose access to preferential trade terms with the U.S. under the latter’s Generalized System of Preferences (GSP) programme. US stating his intention to withdraw GSP benefits for India, saying India had failed to assure the U.S. that it would provide ‘equitable and reasonable access to the markets…

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