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Last Updated : Mar 07, 2019 05:32 PM IST | Source: Moneycontrol.com

Editor's Take | Will India Move WTO Against US On Duty Hike?

Sakshi Batra is in conversation with Gaurav Choudhury to find out what's next for India.

Moneycontrol News @moneycontrolcom

On March 5, the US decided to withdraw import duty benefits, which was in the range of 1-6 percent, under its Generalized System of Preferences (GSP) programme.

The GSP programme provides non-reciprocal, duty-free imports of certain products from certain developing countries. Currently, about 121 developing countries including India, Brazil, Afghanistan and Botswana are availing these benefits.

The decision could impact India's exports worth USD 5.6 billion under this scheme. Removal of the benefits would result in imposition of duties by the US on these 2,000 products, making them uncompetitive in the American market in terms of pricing.

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Sakshi Batra is in conversation with Gaurav Choudhury to find out what's next for India.

Watch the video for more

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First Published on Mar 7, 2019 05:25 pm
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