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Termination of Eligibility for a duty-free import scheme
June 3 , 2019
2004 days
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- The United States on formally terminated India’s eligibility for a duty-free import scheme for developing countries on 31 May.
- It is because that India has not given assurances it “will provide equitable and reasonable access to its markets” to US companies as required under relevant American trade laws.
- According to this, USA would end its preferential trade treatment for India on June 5, 2019.
- India has been the largest beneficiary of this duty-free programme which allows certain imports from 120 countries to enter the United States at zero tariff.
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