India Government Says “Significant Impact” After Ending Preferential Trading With US Nation
Conversation lasting for long hours between Narendra Modi and Donald Trump, the India government has terminated the preferential Trade treatment with the US nation. The confident PM of India mentioned that India will have a significant impact as it already has the duty free entry till 5.6 billion dollars of exports known as Generalized System of Preferences or GSP.
The actual benefit with this recent decision on the preferential trade treatment termination with the US will lead to a loss of 190$ million, said the trade secretary also mentioning it as a vis-a-vis to the entire trade volume.
Reducing the price of the medical devices by Indian Government has shown a high sale rate.
Source: NDTV
- 5 Mar 2019
- WerIndia
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