{"id":91825,"date":"2021-03-02T16:13:03","date_gmt":"2021-03-02T10:43:03","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=91825"},"modified":"2021-03-02T16:13:03","modified_gmt":"2021-03-02T10:43:03","slug":"ustr-report-mentions-indias-policies-as-trade-restrictive","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/ustr-report-mentions-indias-policies-as-trade-restrictive\/","title":{"rendered":"&#8216;USTR report&#8217; mentions India&#8217;s policies as trade restrictive"},"content":{"rendered":"<p><strong>What is the News?<\/strong><\/p>\n<p>U.S. Trade Representative(USTR) has released a report titled \u201c2021 President\u2019s Trade Agenda and 2020 Annual Report\u201d.<\/p>\n<p><strong>What are the Key Highlights of the USTR report?<\/strong><\/p>\n<p>The USTR report highlighted a few important updates on trade between India and the US in 2020. They are,<\/p>\n<p><strong>USTR report <\/strong><strong>on Trade Relations:<\/strong><\/p>\n<ul>\n<li>The US continued to engage with India in 2020. The US try to resolve market access issues affecting US exporters. However, India\u2019s policies still remain trade-restrictive.<\/li>\n<li>According to the USTR report, the <a href=\"https:\/\/forumias.com\/blog\/what-is-make-in-india-initiative-2-0\/\"><strong>Make in India Initiative<\/strong><\/a> has impacted the bilateral trade relationship. As the initiative put emphasis on import substitution, it affected US exports directly.<\/li>\n<\/ul>\n<p><strong>USTR report on bilateral trade deal:<\/strong><\/p>\n<ul>\n<li>In 2019, the United States had terminated India&#8217;s eligibility under the Generalized System of Preferences(GSP) programme.\n<ul>\n<li><strong>GSP<\/strong>: It is a preferential tariff system provided by developed countries to developing countries. It allows concessional low\/zero-tariff imports from developing countries.<\/li>\n<\/ul>\n<\/li>\n<li>After the suspension of GSP benefits, the US and India had resumed talks aimed at producing a trade deal. The talks towards better market access outcomes have continued throughout 2020.<\/li>\n<li>However, issues remain unresolved leaving inconclusive negotiations.<\/li>\n<\/ul>\n<p><strong>USTR report on Digital Service Tax(DST)<\/strong><\/p>\n<ul>\n<li>Recently, the USTR Section 301 report has called India&#8217;s <a href=\"https:\/\/forumias.com\/blog\/issue-of-digital-services-tax-between-india-and-us-explained\/\"><strong>digital service tax <\/strong><\/a>unreasonable or discriminatory.<\/li>\n<li>The report has said that the investigation is ongoing on the impact of this tax on US companies.<\/li>\n<\/ul>\n<p><strong>Source: <\/strong><a href=\"https:\/\/epaper.thehindu.com\/Home\/MShareArticle?OrgId=G0R8B336D.1&amp;imageview=0\"><strong>The Hindu<\/strong><\/a><\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"dlMTAcAYXh\"><p><a href=\"https:\/\/forumias.com\/blog\/answeredcritically-examine-the-impact-of-tagging-of-india-as-a-developed-nation-by-united-states-trade-representative-ustr\/\">[Answered]Critically examine the impact of tagging of India as a developed nation by United States Trade Representative (USTR).<\/a><\/p><\/blockquote>\n<p><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;[Answered]Critically examine the impact of tagging of India as a developed nation by United States Trade Representative (USTR).&#8221; &#8212; Free UPSC IAS Preparation For Aspirants\" src=\"https:\/\/forumias.com\/blog\/answeredcritically-examine-the-impact-of-tagging-of-india-as-a-developed-nation-by-united-states-trade-representative-ustr\/embed\/#?secret=fhA6NKf6ME#?secret=dlMTAcAYXh\" data-secret=\"dlMTAcAYXh\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n","protected":false},"excerpt":{"rendered":"<p>What is the News? U.S. Trade Representative(USTR) has released a report titled \u201c2021 President\u2019s Trade Agenda and 2020 Annual Report\u201d. What are the Key Highlights of the USTR report? The USTR report highlighted a few important updates on trade between India and the US in 2020. They are, USTR report on Trade Relations: The US&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/ustr-report-mentions-indias-policies-as-trade-restrictive\/\">Continue reading <span class=\"screen-reader-text\">&#8216;USTR report&#8217; mentions India&#8217;s policies as trade restrictive<\/span><\/a><\/p>\n","protected":false},"author":10317,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1566,164,1305,9],"tags":[1333],"class_list":["post-91825","post","type-post","status-publish","format-standard","hentry","category-daily-factly-articles","category-international-relations-daily-factly-articles","category-index-reports-bodies","category-public","tag-ir_0","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704708472},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/91825","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10317"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=91825"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/91825\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=91825"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=91825"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=91825"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}