4 min read.Updated: 05 Mar 2019, 11:04 PM ISTAbhijit Das
The two countries should continue to talk and explore ways of resolving their knotty issues
The sword hanging over India’s preferential access for its exports to the US market has finally fallen. On 4 March, US trade representative Robert Lighthizer announced that the US intends to terminate India’s designation as a beneficiary developing country under the generalized system of preferences (GSP) programme. According to the United States trade representative, India’s termination from the GSP programme follows “its failure to provide the United States with assurances that it will provide equitable and reasonable access to its markets in numerous sectors". What would be the impact of this action and how should India respond? Also, is there any significance in the timing of this action?