INDIA: USA Restores GSP On Handloom Fabrics
India has agreed to bind Import Duty Tariffs on 396 items under the WTO norms. This removes a major irritant in trade relations with the US, and vindicates the stand of the American Textile Manufacturers Institute (ATMI). The US has accordingly, restored the GSP (Generalised System of Preferences) benefits for nine varieties of handloom cotton fabrics.
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