Mumbai: India is among six countries that could
lose duty-free access to the American market with the
signing into law of a revamped trade programme under
the generalised system of preferences for 2007, US trade
Brazil, India and Venezuela along with Thailand, the
Philippines and the Ivory Coast have been marked out
of US generalised system of preferences (GSP) programme
for developing countries under the revised policy of
according trade benefits, the chief US trade negotiator
US administration is free to revoke waivers when import
of a certain good from one country exceeds an annual
cap of about $187.5 million, or if imports from that
source comprises 75 per cent of total US imports of
could lose duty-free access for gold jeweler and brass
lamps, according to preliminary estimates of the USTR.
The country shipped $1.6 billion in gold jeweler and
$20 million in brass lamps to the US under the GSP programme
in the first 10 months of the current year.
also would lose duty-free access for gold jeweler, of
which it sold $611 million to the US in first ten months
would lose duty free access for brake and brake parts,
which totaled $242 million in the 10-month period of
2006, and for ferrozirconium, which totaled $700,000.
The new legislation has extended the GSP programme for
two years until December 31, 2008.