Impact of Withdrawal of GSP

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..... Impact of Withdrawal of GSP
News and Press Release
Dated:- 13-12-2019

The benefits under the GSP scheme were withdrawn for India by U.S. from 5th June 2019. In 2018, India exported good .....

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..... s worth of USD 6.3 billion (as per USTR figures) to U.S. under the GSP programme, which was about 12.1% of India's total exports to the U.S. The average duty concessions accruing on account of GSP wer .....

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..... e about USD 240 million in 2018, which was about 3.8% of India's exports to the U.S. availing the GSP benefits. The impact varies across products, depending on the individual product level concession .....

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..... s which were availed under the GSP. However, so far the cumulative exports under the GSP tariff lines have not declined in the post GSP withdrawal period (June - Oct 2019) as compared to the correspon .....

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..... ding period of the previous year. Trade related issues are a part of ongoing economic relationship, and will continue to be discussed and addressed as a part of the regular bilateral trade engagement .....

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..... between India and the US. This information was given by the Minister of Commerce and Industry, Piyush Goyal, in a written reply in the Rajya Sabha today.
News - Press release - PIB .....

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