Published On: Sun, Jun 2nd, 2019

America has taken back the status of India as a state of preferential status.

Trump was demanding the benefits of its advantages in the Indian market, now 1900 Indian products will not be exempt from June 5

Washington / New Delhi US President Donald Trump, who was happy to take charge of the post of Prime Minister again after two days Trump has declared India as a beneficiary developing country to abolish the status achieved under General Preferential System (GSP). On June 5, the discounts for getting 1900 products exported from India will be discontinued.

Trump terminates preferential trade status for India : India 24×7 news

In 2017-18, India had exported $ 5.6 billion (38,964 million rupees) under GSP, which received a rebate of $ 19 million (Rs 1320 crore). Trump has argued against the discontinuance of the exemption that the confidence of giving equal access and benefits to US products in Indian markets is not being given by the Modi Government.

Trump had given a 3-month suspension on March 4 for interim action on GSP with a warning. The abadi ended on May 3, but the US had postponed a month for the election. 24 top US lawmakers and industrialists had urged Trump to maintain India’s GSP status.

 

India did clearly – we will see Nation first

On the verdict, India on Saturday said in the first clause that we are committed to strengthening economic and social relations with the United States Will continue to work for The Wadi Ministry said that the issue was resolved in front of the United States to resolve this issue, but Unfortunately, this question was not accepted by them. India will always keep its national interest in these cases as in other countries.

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