On March 4, 2019, the Trump Administration announced Turkey and India will be terminated from the US Generalized System of Preferences (GSP) program, which allows developing countries to export goods to the US without paying duties. The Office of the US Trade Representative (USTR) explained that Turkey’s removal from the program is because it is sufficiently economically developed and should no longer benefit from preferential market access to the US; and India was terminated because of the country’s failure to provide the US with assurances that it would give equitable and reasonable access to its markets in numerous sectors. By statute, these changes may not take effect until at least 60 days after the notifications to Congress and the governments of India and Turkey, and will be enacted by a Presidential Proclamation.
This post is an excerpt of our US-EU: Export Controls and Sanctions Update, January – March 2019.
