Trump terminates GSP treatment of India as developing country, effective June 5, 2019

[Pakistansdefender]

Trump terminates GSP treatment of India as developing country, effective June 5, 2019

https://www.toutiao.com/a6697362570472325640/
Global Times 2019-06-01 09:07:18
In response to the Hindu newspaper and the UrduPoint website in Pakistan, US President Trump announced on the evening of May 31 that the United States will terminate GSP treatment of India as developing country, effective June 5, 2019, according to the US Generalized System of Preferences (GSP). With preferential treatment, India will lose preferential terms of trade with the United States.

US President Trump sent a letter to the US Congress on March 4, expressing his intention to cancel the GSP concessions for India. "After the close contact between the United States and the Indian government, I have determined that India has not assured the United States that it will provide fair and reasonable Opportunities to enter the Indian market."

On the same day, Trump sent a similar notice to Turkey, because Turkey’s economic development has made it unnecessary to enjoy the GSP dividend. Trump terminated the GSP project in Turkey on May 17.

The US-to-India GSP system covers India’s $5.6 billion in exports, and although India has only received $190 million in tariff reductions, the program has had an impact on key industries such as Indian textiles, leather, engineering products, gemstones and jewelry. .

An official of the US State Department has revealed that if basic trade issues are resolved, it is still possible to restore subsidies, but the loss of GSP qualifications in India is a "thinking thing."

(Edit: YZM)
特朗普终止对印度的发展中国家普惠制待遇，6月5日起生效
原创 环球时报 2019-06-01 09:07:18
综合《印度教徒报》、巴基斯坦UrduPoint网站消息，美国总统特朗普5月31日晚宣布，根据美国的普遍优惠制(GSP)计划，美国将于6月5日终止对印度的发展中国家普惠制待遇，印度将失去与美国之间的优惠贸易条件。

美国总统特朗普3月4日致信美国国会，表示有意取消对印度的普惠制优惠，“在美国与印度政府密切接触之后，我已经确定印度没有向美国保证它将提供公平合理的进入印度市场的机会”。

同一天，特朗普也向土耳其发出了类似的通知，因为土耳其的经济发达程度已经令其不必再享有普惠制的红利。特朗普已于5月17日终止了土耳其的普惠制项目。

对美国对印度的普惠制覆盖了印度56亿美元的出口额，尽管印度仅获得1.9亿美元的关税减免，但该计划对印度纺织、皮革、工程产品、宝石和珠宝等关键行业产生了影响。

美国国务院一位官员曾透露，如果基本贸易问题得到解决，恢复补贴仍是可能的，但印度失去普惠制资格是“板上钉钉的事”。

（编辑：YZM）

India is a rich country..
Wo laat marta hain trump ke gsp pe...
If they stop their imports from us, us economy would collapse in a day. If they Bring back their doctors and teachers their would be no staff left in us..
US must tread careful in front of shupa powa India ....

 

[Point 5310]

$190 million is value of tariff reduction not the value of export, The effected segments specially textiles will get hit as it will be even more difficult for India to compete Bangladesh (country with LDC benefits) in this sector.

I made it clear that 190 million is tarriff reduction on exports ie the actual benefit and export eleigible for that is 5.6 billion.
The thinh is 190 million is laughably small amount compare to the size of India's export to the USA and can be easily negated if India reduces export duty.
When Trump put roadblocks On H1B visa instead causing harm to Indian IT it actually benefitted them.

Good for Indian competitors.

Modi got bitch slapped by trump. Modi failed to retaliate against steel tariffs, which usa placed on India. Modi was forced to stop Iranian oil imports. Modi constantly bends over for trump but Trump does not like curry bums.

It is scared China who reduced Iran oil imports by 90% if not 100% despite all big talk.

 

[Surya 1]

Those Indians who are laughing at China don’t know who to laugh at now?

No we are still laughing. This time at Trump. People should know that India is a great civilization and thriving nation of 1.3 bn Ambitious people. Any effort by US , China or any other country will boomerang. There are many Nation who has tried this but ultimately burnt their fingers and learned the lesson. Some who failed to learn the lesson paid big prize.

 

[My-Analogous]

Trump terminates GSP treatment of India as developing country, effective June 5, 2019

https://www.toutiao.com/a6697362570472325640/
Global Times 2019-06-01 09:07:18
In response to the Hindu newspaper and the UrduPoint website in Pakistan, US President Trump announced on the evening of May 31 that the United States will terminate GSP treatment of India as developing country, effective June 5, 2019, according to the US Generalized System of Preferences (GSP). With preferential treatment, India will lose preferential terms of trade with the United States.

US President Trump sent a letter to the US Congress on March 4, expressing his intention to cancel the GSP concessions for India. "After the close contact between the United States and the Indian government, I have determined that India has not assured the United States that it will provide fair and reasonable Opportunities to enter the Indian market."

On the same day, Trump sent a similar notice to Turkey, because Turkey’s economic development has made it unnecessary to enjoy the GSP dividend. Trump terminated the GSP project in Turkey on May 17.

The US-to-India GSP system covers India’s $5.6 billion in exports, and although India has only received $190 million in tariff reductions, the program has had an impact on key industries such as Indian textiles, leather, engineering products, gemstones and jewelry. .

An official of the US State Department has revealed that if basic trade issues are resolved, it is still possible to restore subsidies, but the loss of GSP qualifications in India is a "thinking thing."

(Edit: YZM)
特朗普终止对印度的发展中国家普惠制待遇，6月5日起生效
原创 环球时报 2019-06-01 09:07:18
综合《印度教徒报》、巴基斯坦UrduPoint网站消息，美国总统特朗普5月31日晚宣布，根据美国的普遍优惠制(GSP)计划，美国将于6月5日终止对印度的发展中国家普惠制待遇，印度将失去与美国之间的优惠贸易条件。

美国总统特朗普3月4日致信美国国会，表示有意取消对印度的普惠制优惠，“在美国与印度政府密切接触之后，我已经确定印度没有向美国保证它将提供公平合理的进入印度市场的机会”。

同一天，特朗普也向土耳其发出了类似的通知，因为土耳其的经济发达程度已经令其不必再享有普惠制的红利。特朗普已于5月17日终止了土耳其的普惠制项目。

对美国对印度的普惠制覆盖了印度56亿美元的出口额，尽管印度仅获得1.9亿美元的关税减免，但该计划对印度纺织、皮革、工程产品、宝石和珠宝等关键行业产生了影响。

美国国务院一位官员曾透露，如果基本贸易问题得到解决，恢复补贴仍是可能的，但印度失去普惠制资格是“板上钉钉的事”。

（编辑：YZM）

They will accept the word of Indian God

 

[rott]

Us must tread careful in front of shupa powa America .

I think you mean India.

 

[crankthatskunk]

you better laugh at yourself , go get some dollars .

I live in the UK. I don't need Dollars. I have enough of Sterling, thank God for all His Mercy.

 

[Pakistansdefender]

I think you mean India.

Definately yes....
Bit sleepy then so mistyped.
But ofcourse anyone with sane mind can understand. Look at you guessed it in a minute lol..

 

[Mamadouso]

India is now well developed and advanced so does not need a helping hand, a good move by Trump.

 

[rott]

India is now well developed and advanced so does not need a helping hand, a good move by Trump.

Really? Well developed? Can you explain more which part India is more developed in?

 

[Mamadouso]

Really? Well developed? Can you explain more which part India is more developed in?

The Indian are always celebrating how well their economy is now, they say it has seen amazing development in last 4 years, so I believe them

 

[GHALIB]

I live in the UK. I don't need Dollars. I have enough of Sterling, thank God for all His Mercy.

help your country , begging for dollars in every quarter .

 

[Type59]

I made it clear that 190 million is tarriff reduction on exports ie the actual benefit and export eleigible for that is 5.6 billion.
The thinh is 190 million is laughably small amount compare to the size of India's export to the USA and can be easily negated if India reduces export duty.
When Trump put roadblocks On H1B visa instead causing harm to Indian IT it actually benefitted them.


It is scared China who reduced Iran oil imports by 90% if not 100% despite all big talk.

https://www.tehrantimes.com/news/436507/China-s-Iranian-oil-intakes-skyrocket-in-April-report

Also modi response to news is weak does not want to insult trump.

 

[GHALIB]

https://www.tehrantimes.com/news/436507/China-s-Iranian-oil-intakes-skyrocket-in-April-report

Also modi response to news is weak does not want to insult trump.

trump is going outta white house soon .

 

[从八品主簿]

As a developing country, I think we should stop attacking each other and do whatever we want. The Indian government should take the opportunity to unite the Middle East and the European Union. China is also wooing Japan, South Korea and ASEAN to form a free trade zone. I hope that the majority of Indian netizens will not be gloating.

 

[GHALIB]

As a developing country, I think we should stop attacking each other and do whatever we want. The Indian government should take the opportunity to unite the Middle East and the European Union. China is also wooing Japan, South Korea and ASEAN to form a free trade zone. I hope that the majority of Indian netizens will not be gloating.

first time a good opinion from chinese brother about india .