ISAS Briefs

The US has terminated GSP benefits for India in spite of both countries engaging extensively on trade in recent months. The new US criteria for eligibility would have made India’s continuation as a beneficiary highly unlikely. The US’ frustration over some of India’s restrictive policies, like in e-commerce, also ensured this outcome. A bilateral trade package, while not impossible, will need major concessions by India and is not feasible before elections.