US withdraws duty-free concession on import of 50 Indian products
Indian products removed from the GSP include areca nuts, mangoes processed by vinegar or acetic acid, sandstone cut in slabs, whole buffalo skin leather, plain weave handloom cotton fabrics containing over 85 per cotton by weight, handloom carpets and textile floor coverings.
The GSP is designed to promote economic development by allowing duty-free entry for products from designated beneficiary countries. Image source: Reuters