India urges US to restore duty-free export benefits
Live MintIndia on Tuesday publicly urged the US to restore duty-free export benefits under the Generalised System of Preferences even as both countries agreed to allow market access for mangoes and pomegranates arils from India and cherries and alfalfa hay from the US. In a joint statement after the Trade Policy Forum meeting co-chaired by India’s trade minister Piyush Goyal and United States Trade Representative Katherine Tai, both sides projected bilateral merchandise trade in 2021 to surpass the $100 billion mark. The United States and India also exchanged views on potential targeted tariff reductions,” the joint statement said. They also agreed to engage on U.S. concerns regarding regulatory approvals for the Distillers’ Dried Grains with Solubles, and India’s concerns regarding market access for water buffalo meat and restoration of market access for wild caught shrimp,” the joint statement said.
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