U.S. Will Terminate GSP Designation for India and Turkey

Posted by Matt Schmitt on 3/5/19 5:22 PM

On March 4, 2019, the Office of the United States Trade Representative (USTR) announced that the U.S. intends to terminate the Generalized System of Preferences (GSP) program for India and Turkey.

According to the USTR, the termination of India from GSP stems from market access and other trade barriers. The USTR cites an eligibility review of India's compliance from April 2018.

The USTR found that Turkey has developed sufficiently economically. The USTR cites increased Gross National Income per capita, declining poverty rates, and export diversification as evidence of economic development.

The changes will take effect no earlier than 60 days after Congress and the governments of India and Turkey are notified.

 

The USTR press release may be found here:

https://ustr.gov/about-us/policy-offices/press-office/press-releases/2019/march/united-states-will-terminate-gsp

Topics: USTR, GSP, Turkey, India