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US expands GSP benefits for developing countries.
(From Business Line)
NEW DELHI, July 2. INDIA, Bangladesh, Brazil, Morocco, Thailand and Uruguay would get their preferential products re-designated or obtained waivers for duty-free entry into the US so that they continue to receive GSP (generalised system of preferences) benefits.
This is the result of expansion of the trade benefits under the GSP proclaimed by the US President, Mr George W. Bush, in Washington on July 1, according to a press statement by the Public Affairs of the US Embassy here.
The President's proclamation extends GSP benefits to approximately $900 million in imports from developing countries …
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