US ends preferential trade status for Turkey and India

The US has put an end to the preferential trade status granted to India and Turkey, as yesterday it was announced the two countries “no longer fulfill the criteria” that allowed them to benefit from Washington’s program in this area.

Washington “intends to terminate India’s and Turkey’s designations as beneficiary developing countries under the Generalised System of Preferences (GSP) programme because they no longer comply with the statutory eligibility criteria,” the Office of the US Trade Representative said in a statement on Monday.

US President and Trade Representative Robert E. Lighthizer agree that Turkey is no longer entitled to benefit from this program because it is “sufficiently economically developed.” This means that many Turkish exported products available duty-free on the US market will now be subject to customs duties.

In the case of India, it was decided to take this measure because, after “intensive contacts” with New Delhi, he concluded that India “has implemented a wide array of trade barriers that create serious negative effects on United States commerce,”