EU halts GSP benefits for many Indian exports amid key FTA talks: Will it impact shipments? Here’s what government says
Starting 1 January, the European Union (EU) has halted export incentives for industries including plastics and textiles under a preferential program involving India and two other nations. While India’s commerce ministry suggests this transition won’t dampen the country’s exports to the 27-member union, the EU has actually been incrementally withdrawing Generalized Scheme of Preferences (GSP)…