1. Generalized System of Preferences

2. Points to be covered ABC of GSP GSP - India and US
Why is status being withdrawn
Impact
Way forward

3. ABC of GSP UNCTAD Tokyo Round of Multilateral negotiations – 1979
RoO (Rules of Origin)
Origin Criteria
Transport Conditions
Documentary Evidence
Advantages

4. GSP - India and US

5. Why is it being withdrawn
Trade deficit
Dairy products, stent issue and local data storage, e-commerce rules etc
India a Tariff King?
Inward looking policies

6. Impact India’s export to be affected US market will also get affected
MSME sectors affected
Threat from competitors
Trade deficit
Exports spread across 13 sectors so impact could be minimal
US market will also get affected
Industries use intermediary goods to export final goods
Was seeking to replace China
Escalation may lead to further losses

7. Way forward Reciprocal taxes Approach WTO Give and take
Provide support to the exporters
Enter into negotiations with other countries