Which country terminates preferential trade status for India under GSP recently?
A. UK
B. USA
C. Japan
D. China
Answer:B
Which country terminates preferential trade status for India under GSP recently?
A. UK B. USA C. Japan D. China
Explanation: President Donald Trump has terminated India's designation as a beneficiary developing nation under the key GSP trade programme after determining that it has not assured the US that it will provide "equitable and reasonable access" to its markets. The Generalized System of Preference (GSP) is the largest and oldest US trade preference programme and is designed to promote economic development by allowing duty-free entry for thousands of products from designated beneficiary countries. On March 4, Donald Trump announced that the US intends to terminate India's designations as a beneficiary developing country under the GSP programme.