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How to tackle trade tensions

Updated : June 22, 2019 10:00 AM IST

Over the years, the Indian economy has seen a recurrent mention in Trump's speeches on trade highlighting India's high tariffs. But matters rose to a crescendo when a few weeks ago the US terminated India's designation as a beneficiary developing country under the General System of Preferences (GSP) Programme.
GSP promotes sustainable economic development by eliminating duties on thousands of products when imported from one of 120 designated beneficiary countries and territories result in increased and diversified trade with the US.
How to tackle trade tensions

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