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US expected to terminate GSP for India and Turkey

US expected to terminate GSP for India and Turkey

U.S. Trade Representative (USTR) Robert Lighthizer announced on March 4th, that the U.S. intends to terminate India’s and Turkey’s designations as beneficiary developing countries under the Generalized System of Preferences ( GSP) program. The reasons explained are because these countries no longer meet the statutory eligibility criteria for inclusion in the program.  

These actions are being taken as the USTR indicates India has not given the US assurances of equitable and reasonable access to it’s markets and Turkey has developed enough economically to no longer need the benefit of the program.

By statute, these changes may not take effect until at least 60 days after the notifications to Congress and the governments of India and Turkey, and will be enacted by a Presidential Proclamation which is expected soon.