After mounting pressure on what it termed India’s restrictive trade policy, the White House announced on Friday that it was terminating the country’s special market access to the United States under the generalised system of preferences (GSP) programme on June 5.
“I have determined that India has not assured the US that India will provide equitable and reasonable access to its markets,” Trump said in a statement. In an otherwise guarded response, the Indian government said it had sought to resolve some of trade irritants but it was “unfortunate” they were not accepted by the US.
After mounting pressure on what it termed India’s restrictive trade policy, the White House announced on Friday that it was terminating the country’s special market access to the United States under the generalised system of preferences (GSP) programme on June 5.
“I have determined that India has not assured the US that India will provide equitable and reasonable access to its markets,” Trump said in a statement. In an otherwise guarded response, the Indian government said it had sought to resolve some of trade irritants but it was “unfortunate” they were not accepted by the US.
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