India Expresses Disappointment Over End of GSP Benefits
India's Commerce Department said it had "offered resolution on significant U.S. requests" for better market access, but they were not accepted. The statement was issued June 1, after an evening announcement from the U.S. the day before that India would…
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no longer receive Generalized System of Preferences program benefits after June 5 (see 1905310072). "India, like the US and other nations shall always uphold its national interest in these matters. We have significant development imperatives and concerns and our people also aspire for better standards of living. This will remain the guiding factor in the Government’s approach," the government said. But it said it will continue to work intensively with the U.S. to resolve economic issues to mutual benefit.