Washington, February 13 (NRI MEDIA)
US President Donald Trump made positive hints about a trade deal ahead of his February 24 visit to India, but the truth is that recently the US administration has given India a blow that could have a serious impact on our exports. The US has excluded India from the list of “developing countries” in terms of business, let’s know what the issue is and its Indo-US car What can be the impact on the business?
The US Trade Representative (USTR) has excluded India from the list of developing countries this week, which means that India will no longer be in the specialty countries whose exports have been excluded from the investigation. Subsidized exports are not harming the US industry, it is called relief from counterweighting duty (CVD) investigations, Brazil, Indonesia Xiao, Hong Kong, South Africa and Argentina are also excluded from the list, the US administration says, the list was made in 1998 and is no longer relevant.
What are the arguments of America?
The US says that India has now become a member of the G20 and that its share of trade in the world has exceeded 0.5 per cent. Trying to rejoin the Generallide System of Priority (GSP) with preferential benefits.
