Kenneth Juster also said that India and the United States should move to a free trade pact (File)
New Delhi:
The United States is negotiating with India on market access for its goods in exchange for the restoration of New Delhi’s trade concessions under the Generalized System of Preferences (GSP), the US ambassador said on Thursday India, Kenneth Juster.
“The GSP according to law requires that there be measures to open up the market with regard to this preferential system, and that is what we have been trying to reach an agreement with the government of India”, said said Juster during India Global Week 2020, an online business. Mountain peak.
Last year, Washington canceled India’s trade concessions as part of the SPG program that allowed duty-free entry into the US market for up to $ 5.6 billion in Indian retaliatory exports the high tariffs of New Delhi and the rules on electronic commerce.
Juster also said that India and the United States should move to a free trade pact.
(Reporting by Neha Arora; Editing by Hugh Lawson)
(This story has not been edited by GalacticGaming staff and is automatically generated from a syndicated feed.)
