India says it meets ‘developing country’ criteria in bid to reclaim US trade concessions ...News

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India says it meets ‘developing country’ criteria in bid to reclaim US trade concessions
source : Russia Today ( News ) () 10
India’s foreign secretary says his country meets the criteria for a developing country, calling on Washington to backtrack on its decision to withdraw trade concessions. “Generalized System of Preferences [GSP] is a unilateral decision, given by countries to other countries based on certain criteria. We are a developing country, we meet those criteria,” Vijay Gokhale said at a media briefing on Thursday. He also urged Washington to review the matter, emphasizing the importance of trade concessions with the US for Indian industry. “The US unilaterally withdrew that concession from us, we believe that GSP is something which is important

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