liberalising e-commerce, and investment norms for retail
Medical device price caps levied by India,
a rationalisation of tariffs levied by both sides,
Greater market access for U.S. agricultural and dairy products.
Full restoration of GSP (Generalised System of Preferences)
From Prelims Point of View
Generalized System of Preferences (GSP)
Umbrella that comprises the bulk of preferential schemes granted by industrialized nations to developing countries.
Reduced Most Favored Nations (MFN) Tariffs or duty-free entry of eligible products exported by beneficiary countries to the markets of donor countries.
GSP was adopted at UNCTAD in New Delhi in 1968
UNCTAD
United Nation Conference on Trade and Development (UNCTAD) is a permanent intergovernmental body established by the United Nations General Assembly in 1964.
It supports developing countries to access the benefits of a globalized economy more fairly and effectively.
