BRITISH INDIAN OCEAN TERRITORY

President Trump issued a proclamation on 31 May rescinding India’s designation as a beneficiary country under the Generalised System of Preferences, effective 5 June. As a result of this action, many thousands of products from India are no longer eligible for duty-free treatment in the United States, potentially enhancing the competitiveness of other suppliers in products where India is an important supplier. More

A growing list of trade irritants has stalled U.S.-India trade talks and could prompt the White House to narrow or suspend India’s eligibility for duty-free exports to the United States, according to press reports. A full suspension would threaten nearly US$6 billion worth of Indian goods that currently benefit from duty-free treatment under the Generalised System of Preferences while enhancing the competitiveness of mainland China and other Indian competitors in the U.S. market. More