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Commerce dept to convene stakeholders’ meeting to review GSP termination
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Tuesday, 26 March, 2019, 08 : 00 AM [IST]
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Ashwani Maindola, New Delhi
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The Department of Commerce has decided to hold a meeting of stakeholders to review the situation arising out of the termination of the Generalised System of Preferences (GSP) by the United States of America.
The meeting, according to sources, shall be convened on March 27, 2019, to analyse the situation and impact of the GSP withdrawal on various commodities and to discuss the future course of action with regards to the withdrawal.
India has been a beneficiary of the GSP programme by the USA, and in 2017, India exported goods spreading across the various sectors worth $5 billion.
In April 2018, the US took a unilateral review of GSP for India, and despite India making a suitable submission before the US Trade Representative (USTR) to revoke the said review, the US president issued a termination notice on March 4, 2019.
The termination will come into force in 60 days. The Indian export basket, under the GSP programme, includes major agricultural and animal products, and the Department of Commerce has convened the meeting for discussion on the same.
There are over 57 agriculture and processed-food-items taken away from the benefit under GSP to India. Some of the products include milk protein concentrates; cucumbers (including gherkins); provisionally-preserved but unsuitable in that state for immediate consumption; dried vegetables and mixtures of dried vegetables, whole, cut, sliced, broken or in powder form, but not further prepared; guavas, mangoes and mangosteens, dried; fruit, not elsewhere specified or included; ginger, crushed or ground; mixtures of spices; rice semi-milled or wholly milled, whether or not polished or glazed, parboiled; cane/beet sugar and pure sucrose, refined, solid, glucose and glucose syrup, not containing fructose or in the dry state less than 20 per cent by weight of fructose; sugar confections or sweetmeats ready for consumption, not containing cocoa, other than candied nuts or cough drops; chocolate and preparations with cocoa, not put up for retail sale; flour-, meal-, starch-, malt extract- or dairy-based food preparations not containing cocoa and not containing specific amounts of dairy; cereals, other than corn, in grain form or form flakes or other worked grain (not flour and meal), pre-cooked or otherwise prepared; onions, prepared or preserved otherwise than by vinegar or acetic acid, not frozen and juice of any other single fruit (including cherries and berries), concentrated or not concentrated, amongst others.
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