{"id":120932,"date":"2019-06-01T18:40:05","date_gmt":"2019-06-01T18:40:05","guid":{"rendered":"https:\/\/www.bnreport.com\/india-to-continue-to-seek-strong-ties-with-us-despite-trump-removing-trade-privileges\/"},"modified":"2019-06-01T18:40:05","modified_gmt":"2019-06-01T18:40:05","slug":"india-to-continue-to-seek-strong-ties-with-us-despite-trump-removing-trade-privileges","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/india-to-continue-to-seek-strong-ties-with-us-despite-trump-removing-trade-privileges\/","title":{"rendered":"India to continue to seek strong ties with US despite Trump removing trade privileges"},"content":{"rendered":"

MUMBAI: The Indian government said on Saturday it will continue to seek to build strong economic ties with the United States despite a decision by US President Donald Trump<\/a> to end preferential trade treatment for India from June 5.<\/p>\n

In a relatively tame response to the announcement from Washington on Friday, the Indian government said it was "unfortunate" that its attempts to resolve significant US requests had not been accepted.<\/p>\n

"India, like the US and other nations shall always uphold its national interest in these matters," the government said in a statement issued through India's trade ministry.<\/p>\n

The privileges come under the Generalized System of Preferences (GSP), which had been allowing preferential duty-free imports of up to $5.6 billion a year into the US from the South Asian nation. India is the biggest beneficiary of the GSP program.<\/p>\n

The Indian government said that India viewed the issue as part of its ongoing economic relationship with tRead More \u2013 Source<\/strong><\/a>
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