Published time: 5 Mar, 2019 04:58 Edited time: 5 Mar, 2019 05:11
India will not react hastily and has no immediate plans to retaliate against Washington after President Donald Trump withdrew its designation as a beneficiary of the Generalized System of Preferences, a top trade official said.
Trump’s move will have a limited impact thus does not warrant a “knee-jerk reaction,” top Indian trade official, Anup Wadhawan, was quoted by Reuters as saying on Tuesday, just hours after the United States announced its intention to “terminate” India’s designation as a GSP beneficiary.
Also on rt.com Trump to terminate India trade benefits, demands ‘equitable & reasonable’ access to its marketsThe US has been pressuring India to reduce duties in the information technology sector, the official said, noting that negotiations continue on a bilateral trade package that would address both sides’ concerns.
Source : RT Business News
‘No knee-jerk reaction’: India says impact of US withdrawal of trade benefits will be limited
‘No knee-jerk reaction’: India says impact of US withdrawal of trade benefits will be limited
