Trump to terminate India trade benefits, demands ‘equitable & reasonable’ access to its market

[Itsback]

US President Donald Trump has announced his intention to end preferential trade treatment for India, accusing New Delhi of failing to convince Washington it will provide “equitable and reasonable” access to its markets.
“I am providing notice of my intent to terminate the designation of India as a beneficiary developing country under the Generalized System of Preferences (GSP) program,” Trump said in a letter to Congress on Monday.

https://www.rt.com/business (https://www.rt.com/business/453025-trump-india-trade-benefits)

I am taking this step because, after intensive engagement between the United States and the Government of India, I have determined that India has not assured the United States that it will provide equitable and reasonable access to the markets of India.

[Swordsmyth]

:up:

[Itsback]

Game Over India ??

Jaguar Land Rover taken over by TATA motors got $4 billion loss. Quality wise India products and services are no match to American and European products and services.

[Chester Copperpot]

Game Over India ??

Jaguar Land Rover taken over by TATA motors got $4 billion loss. Quality wise India products and services are no match to American and European products and services.

i thought you said you were done with this board and never coming back?

[oyarde]

:up:

Should have been done a long time ago .

[Itsback]

i thought you said you were done with this board and never coming back?

You had said this and what are you saying in PM messages


thats a very interesting picture and i think it quite the scoop. Thats the kind of website that needs more attention and resources. We should purchase that site outright and increase its reach to reveal news to the world.

[enhanced_deficit]

US President Donald Trump has announced his intention to end preferential trade treatment for India, accusing New Delhi of failing to convince Washington it will provide “equitable and reasonable” access to its markets.
“I am providing notice of my intent to terminate the designation of India as a beneficiary developing country under the Generalized System of Preferences (GSP) program,” Trump said in a letter to Congress on Monday.
.


Timing is bit peculiar. Anything to do with these recent reports about it not living upto US expectations on all these fronts?


'Thank You, Vladimir': Modi Unveils Factory That Will Build 750,000 Kalashnikovs For Indian Military

After India Loses Dogfight to Pakistan, Questions Arise About Its ‘Vintage’ Military (http://www.ronpaulforums.com/showthread.php?532096-After-India-Loses-Dogfight-to-Pakistan-Questions-Arise-About-Its-%91Vintage%92-Military&p=6760702&viewfull=1#post6760702)
Some frustration among US officials who were banking on using Indian military to keep China in check and somewhere military weapons contractors are probably also rejoicing creation of a new arms market



That said and granted their current leader appears to be bit of a loony character, following kind of public mocking by Trump of an elected foreign leader was undiplomatic/politically incorrect. Hopefully didn't play a role in some of their recent military contracts going to Russia.


https://www.youtube.com/watch?v=99kcQykqATc
https://www.youtube.com/watch?v=99kcQykqATc

[Itsback]

A TATA Consultancy (TCS) employee once told me "managers are creating all the problems"

[Swordsmyth]

A TATA Consultancy (TCS) employee once told me "managers are creating all the problems"
That is typical.

[Swordsmyth]

The suspension of a U.S. trade preference programme with India is a "done deal," a senior State Department official said on Thursday as Prime Minister Narendra Modi began his second term.President Donald Trump announced in March he would end India's access to the decades-old Generalized System of Preferences (GSP) trade programme over what the U.S. said was lack of access to India's market. The programme allows emerging countries to export goods to the United States without paying duties.
U.S. law requires the administration to wait 60 days after it notifies Congress of the move before it formally ends India's participation in the programme. Trump notified Congress of the move in early March.
"There is every reason to believe that GSP suspension will move forward," the official told reporters, speaking on condition of anonymity. "What is important is that the interest is to resolve trade irritants - to ensure fair and equitable market access," the official added.
But the official said the benefits could be restored if India gave U.S. companies fair and equitable access to its markets.
"We need to be looking forward at how we relaunch an ambitious set of discussions between our trade teams in order to address these outstanding irritants," the official said.
"We believe if India is prepared to address policies, including data localization, e-commerce measures that served to stifle international investment for top-tier companies, that we can continue to make significant progress moving forward," the official added.

More at: https://news.yahoo.com/u-suspension-trade-program-india-234301219.html