US President Donald Trump is likely to visit India

S President Donald Trump is likely to visit India

Part of: GS Prelims Polity–and GS-II- India’s Foreign Relations

In News:

• A Trump Presidential trip to India has long been on the cards (he has visited India before on business trips) with a pending invitation from Prime Minister Narendra Modi.

From Prelims Point of view:

Generalized System of Preferences (GSP) 

• It is an umbrella that comprises the bulk of preferential schemes granted by industrialized nations to developing countries.
• It involves reduced Most Favored Nations (MFN) Tariffs or duty-free entry of eligible products exported by beneficiary countries to the markets of donor countries.