The country has not provided access to its market.
The President of the United States Donald trump brought India from the list of developing countries that are subject to trade preferences under the us General system of preferences (GTS), reports the Chronicle.info with reference to the Correspondent.
“I decided that India assured the U.S. that ensures fair and reasonable access to its market. In this regard it is appropriate to cease its presence in the list of developing countries beneficiaries from June 5, 2019”, – stated in the document.
The US called for the withdrawal of Britain from the European Union
GSP is a state program that provides trading partners Washington, meet certain criteria, the right to free delivery in the USA a wide range of their products. In 2017, duty-free exports of India to the United States under the GSP amounted to more than $5.6 billion This country was the leader among all of the participants in this program.