Donald Trump terminates India's preferential trade status under GSP programme3 min read . Updated: 01 Jun 2019, 10:10 AM IST
- Generalized System of Preference (GSP) is the largest and oldest US trade preference programme
- India was the largest beneficiary of the programme in 2017 with $5.7 billion in imports to the US given duty-free status
Washington: President Donald Trump has terminated India's designation as a beneficiary developing nation under the key GSP trade programme after determining that it has not assured the US that it will provide "equitable and reasonable access" to its markets.
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