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US terminates India as the beneficiary of preferential trade under GSP

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Dear Customer,

In a recent Federal Notice, US President Donald Trump has confirmed the termination of India’s preferential status under GSP. In a detailed notice issued on 5th June 2019:

Relevant Excerpts:

“4. Consistent with section 502(d)(1) of the 1974 Act and having considered the factors set forth in sections 501 and 502(c), I have determined that India has not assured the United States that India will provide equitable and reasonable access to its markets. Accordingly, it is appropriate to terminate India’s designation as a beneficiary developing country effective June 5, 2019. “

“9. Consistent with my determination that it is appropriate to terminate the designation of India as a beneficiary developing country under the GSP, effective June 5, 2019, I have determined to remove it from the list of developing country WTO Members exempt from application of the safeguard measures on CSPV products and large residential washers. To reflect India’s removal from the list, I have determined that it is appropriate to revise subdivision (b)(2) of U.S. note 17 and subdivision (b) of U.S. note 18 to subchapter III of chapter 99 of the Harmonized Tariff Schedule of the United States (HTS) to delete the references to India. “

“NOW, THEREFORE, I, DONALD J. TRUMP, President of the United States of America, acting under the authority vested in me by the Constitution and the laws of the United States of America, including title V and sections 203 and 604 of the 1974 Act, do hereby proclaim that: (1) The designation of India as a beneficiary developing country is terminated, effective June 5, 2019. “

“(4) The exemption for India from application of the safeguard measures on CSPV products and large residential washers is removed, effective June 5, 2019. “

 

The notice can be accessed from: https://ustr.gov/issue-areas/trade-development/preference-programs/generalized-system-preference-gs

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