The U.S. Should Stop Nickel and Diming India and Bangladesh
The U.S. Generalized System of Preferences (GSP) program, launched in 1975, was designed to promote economic development and diversification among developing countries by encouraging their exports to the United States. Under the GSP, eligible products enter duty-free. As of January 2021, 119 developing countries were beneficiaries of the program.
Bangladesh and India are not current beneficiaries of the U.S. GSP. Although members of the program since 1985 and 1975, respectively, Bangladesh was denied access in 2013 and India in 2019. The United States should consider restoring GSP status for both countries for its own benefit as much as theirs.
India is a critical, long-term partner for the United States.… Seguir leyendo »