English हिन्दी
Connect with us

Latest world news

US to end preferential treatment terms to India in trade, India not to retaliate

Published

on

US to end preferential treatment terms to India in trade, India not to retaliate

[vc_row][vc_column][vc_column_text]In a move seen as a major setback to India-US bilateral relations in trade and economy, US President Donald Trump on Monday, March 4, told the US Congress he intended to terminate the designation of India and Turkey as beneficiary developing countries under the Generalised System of Preferences (GSP) programme.

The program, which sets zero tariffs for certain goods from a set of 120 developing countries in order to foster trade and economic development, accounts for some $5.6 billion of India’s exports to the US, making India the largest GSP beneficiary. Exports to the US from India under GSP — at $5.58 billion — were over 12 per cent of India’s total goods exports of $45.2 billion to the US.

The GSP programme allows duty-free entry of 1,784 products from India into the US, benefitting exporters of textiles, engineering, gems and jewellery and chemical products, said a media report.

In a letter to the Speaker of the US House of Representatives, Nancy Pelosi, Trump said that New Delhi had “not assured” the United States that it would “provide equitable and reasonable access” to the markets of India.

“I am taking this step because, after intensive engagement between the United States and the Government of India, I have determined that India has not assured the United States that it will provide equitable and reasonable access to the markets of India…” Trump said in a letter to the Speaker of the House of Representatives and President of the Senate, shared with reporters.

A mandatory 60 days must now pass after notice has been given to the beneficiary countries and to Congress, during which time there is, technically speaking, the possibility of negotiation. After the 60-day period, a beneficiary country can be taken off the GSP list by a presidential proclamation.

While Trump said in his letter that he “will continue to assess whether the Government of India is providing equitable and reasonable access to its markets, in accordance with the GSP eligibility criteria,” a re-negotiation of India’s place under the system is, however, unlikely, The Hindu reported quoting sources.

In a separate letter, Trump also informed the Congress of his intent to terminate the GSP beneficiary designation of Turkey. This was primarily because the economy of Turkey had improved a lot in the last four-and-a-half decades and is no longer a developing country.

“In the four-and-a-half decades since Turkey’s designation as a GSP beneficiary developing country, Turkey’s economy has grown and diversified,” he said.

Trump has had several disagreements with Turkey’s leader, Recep Tayyip Erdogan. His country’s once-robust economy has weakened, and that will likely be a key issue in local elections at the end of the month, said a Bloomberg report.

In a separate statement, the US Trade Representative (USTR) said India’s termination from GSP followed its failure to provide the US with assurances that it would provide equitable and reasonable access to its markets in numerous sectors. “India has implemented a wide array of trade barriers that create serious negative effects on United States commerce.  Despite intensive engagement, India has failed to take the necessary steps to meet the GSP criterion,” the United States Trade Representative (USTR) said on its website.

“By statute, these changes may not take effect until at least 60 days after the notifications to Congress and the governments of India and Turkey, and will be enacted by a Presidential Proclamation,” the USTR said.

Under the United States GSP programme, certain products can enter the US duty-free if the beneficiary developing countries meet the eligibility criteria established by Congress. The GSP criteria include, among others, respecting arbitral awards in favour of US citizens or corporations, combating child labour, respecting internationally recognised worker rights, providing adequate and effective intellectual property protection and providing the US with equitable and reasonable market access. Countries can also be graduated from the GSP programme, depending on factors related to economic development.

Points of friction

India’s new e-commerce rules, price controls on medical devices and tariffs on ICT (information and communications technology) products are among the issues that have caused trade frictions between the two countries. Trump has repeatedly taken shots at India’s tariffs, which he views as unreasonable. US commerce secretary Wilbur Ross recently raised concerns regarding new trade barriers created by India, hinting at the stringent e-commerce rules that affected US companies such as Amazon and Walmart-owned Flipkart.

The Trump Administration had launched an eligibility review of India’s compliance with the GSP market access criterion in April 2018. The USTR announced that it was reviewing the GSP eligibility of India, after the US dairy industry and the US medical devices industry requested a review of India’s GSP benefits, given India’s alleged trade barriers affecting US exports in these sectors. Total US imports under GSP in 2017 was $21.2 billion, of which India was the biggest beneficiary with $5.6 billion, followed by Thailand ($4.2 billion) and Brazil ($2.5 billion).

“India has implemented a wide array of trade barriers that create serious negative effects on United States commerce. Despite intensive engagement, India has failed to take the necessary steps to meet the GSP criterion,” the USTR said.

India to take it easy

The Indian government on Tuesday downplayed the effect of the decision by the United States government to withdraw trade concessions granted to India under the Generalised System of Preferences (GSP).

India’s Commerce secretary Anup Wadhawan, The Hindu reported, said that the impact would amount to $190 million on total export amount of $5.6 billion to the US.

He said disproportionate demands from the US led to the collapse of talks even though India was ready for greater market access in agricultural products to the US.

“The withdrawal of GSP benefits to India will have a minimal and moderate impact,” Wadhawan was reported to have said at a press conference. “The total GSP benefits amount to about $190 million on overall exports of $5.6 billion between the two countries.”

“We had worked out a meaningful package that covered the US’ concerns but they made additional requests which were not acceptable at this time,” he added.

Wadhawan added that India was still in talks with the US on the higher import duties that country charges on steel and aluminium, and said that India was still reviewing whether it would impose retaliatory tariffs or not. The government had in the middle of last year decided the list of items on which it would impose retaliatory tariffs, but has since then postponed the deadline of implementation six times, said The Hindu report. The latest deadline is April 1, 2019.

[/vc_column_text][/vc_column][/vc_row]

India News

Bangladeshi singer James’ concert cancelled after mob attack in Faridpur

A live concert by Bangladeshi singer James was cancelled in Faridpur after a mob allegedly attacked the venue with bricks and stones, raising concerns over safety of artists.

Published

on

Bangladesh singer concert

A concert by popular Bangladeshi singer James was cancelled in Faridpur, around 120 kilometres from Dhaka, after a mob allegedly threw bricks and stones at the venue, forcing local authorities to call off the event.

According to local reports, the concert was scheduled for 9 pm on Friday to mark the anniversary of a local school. A group of attackers attempted to forcibly enter the venue and began pelting stones, creating panic among the audience. Locals said students present at the site initially tried to resist the attackers, but the situation escalated, prompting authorities to cancel the programme.

Taslima Nasreen raises concern over attacks on culture

Author Taslima Nasreen highlighted the incident on social media, expressing concern over what she described as a growing pattern of attacks on artists and cultural spaces in Bangladesh. In her post, she referred to earlier incidents involving cultural institutions and said that the singer was not allowed to perform due to the actions of radical elements.

Nasreen also cited recent instances involving classical musicians. She mentioned that Siraj Ali Khan, grandson of renowned musician Ali Akbar Khan and a noted artist of the Maihar gharana, returned to India without performing in Dhaka, stating he would not return until artists and cultural institutions were safe. She further said that Arman Khan, son of Ustad Rashid Khan, had also declined an invitation to perform in Dhaka.

James’ popularity and wider concerns

James, a well-known Bangladeshi singer-songwriter, guitarist and composer, is the lead vocalist of the rock band Nagar Baul. He has also sung popular Hindi film songs such as Bheegi Bheegi from Gangster and Alvida from Life In A Metro, making him a familiar name across the region.

The cancellation of his concert has drawn attention to recent attacks on cultural organisations, artists and journalists in Bangladesh. Critics have alleged that the interim administration has failed to rein in violent mobs, amid claims that such incidents are contributing to a deteriorating law-and-order situation ahead of elections scheduled in February.

Continue Reading

Latest world news

India flags attacks on Hindus in Bangladesh as worrisome after recent lynchings

India has reacted sharply to recent lynchings of Hindu men in Bangladesh, calling the attacks on minorities worrisome and urging that those responsible be brought to justice.

Published

on

Randhir Jaiswal

India has expressed strong concern over a series of violent incidents targeting members of minority communities in Bangladesh, following the lynching of two Hindu men in separate incidents. The Ministry of External Affairs said such attacks are “worrisome” and cannot be ignored, stressing that those responsible must be held accountable.

Speaking on Friday, External Affairs Ministry spokesperson Randhir Jaiswal said New Delhi has taken serious note of the developments across the border and is closely monitoring the law and order situation. He underlined that continued violence against minorities, including Hindus, Christians and Buddhists, remains a matter of grave concern for India.

“The unremitting hostility against minorities in Bangladesh at the hands of extremists is deeply troubling,” Jaiswal said, while condemning the recent killing of a Hindu youth in Mymensingh. He added that incidents of violence cannot be dismissed as exaggeration and expressed hope that perpetrators would be identified and punished.

According to the ministry, over 2,900 incidents of violence against minorities — including killings, arson and land-related crimes — have been documented by independent sources during the tenure of Bangladesh’s interim government. These developments, India said, cannot be brushed aside.

Rajbari killing under investigation

The latest incident took place on Wednesday in Pangsha upazila of Rajbari district, around 145 km west of Dhaka. As per police accounts quoted by media, the victim, identified as Amrit Mondal, was beaten to death by local residents following allegations of extortion.

Police said Mondal was suspected of leading a criminal gang and had allegedly attempted to extort money from a local resident along with his associates. Locals confronted the group and assaulted Mondal, leaving him critically injured. He was later taken to a hospital, where doctors declared him dead in the early hours of the morning.

Mondal’s body was sent to Rajbari Sadar Hospital for post-mortem examination. While most of his alleged associates fled, police said one person was arrested and firearms were recovered. Investigators also noted that Mondal had multiple criminal cases registered against him, including a murder case.

Lynching in Mymensingh sparks outrage

The Rajbari incident came days after another Hindu man was lynched in Mymensingh, triggering widespread outrage. The victim, identified as Dipu Das, also referred to as Dipu Chandra Das, was a factory worker in the city, located about 112 km north of Dhaka.

According to police and local reports, Das was attacked by a mob over allegations of blasphemy. He was first beaten outside a factory and later hanged from a tree. After the killing, his body was left along the Dhaka-Mymensingh highway and set on fire, leading to traffic disruption. Videos of the incident circulated widely on social media, fuelling anger and concern.

Interim government responds

Bangladesh’s interim government, led by Chief Adviser Muhammad Yunus, condemned the killing and said it does not support illegal activities, mob violence or mass beatings. At the same time, it maintained that the Rajbari incident was not communal in nature, describing it as a violent episode linked to alleged extortion and criminal activities. The administration said legal action would be taken against all those directly or indirectly involved.

India, however, reiterated that violence against minorities is a serious issue and called for effective action to ensure justice and safety for vulnerable communities.

Continue Reading

Latest world news

Khaleda son Tarique Rahman arrives to rapturous welcome in Bangladesh

Tarique Rahman returned to Bangladesh after 17 years and, in his first speech, invoked Martin Luther King while outlining what he called a plan for the country’s future.

Published

on

Khalida Zia son

Bangladesh Nationalist Party (BNP) acting chairman Tarique Rahman, who returned to Bangladesh on Thursday after 17 years in exile, outlined his political vision in his first public address, drawing a comparison with American civil rights leader Martin Luther King Jr.’s famous “I have a dream” speech.

Addressing a massive gathering in Dhaka, Rahman said that just as Martin Luther King spoke of a dream, he wished to speak of a concrete plan for Bangladesh. He referred to the country as “Beloved Bangladesh” and thanked party leaders, workers and citizens who stood by the BNP during his absence.

Rahman, the son of former President Ziaur Rahman and former Prime Minister Khaleda Zia, said that his plan would succeed only with public support and urged citizens to participate actively in nation-building.

Parallels drawn with 1971 and 2024 movements

In his speech, Rahman linked the 1971 Liberation War with the 2024 uprising against the government of former Prime Minister Sheikh Hasina. He said those who lost their lives in these movements should be honoured by building the country they had envisioned.

“We liberated Bangladesh in 1971, and we liberated it again in 2024,” he said, adding that the events of 2024 were about defending the country’s independence and sovereignty. He stressed the need to “repay the blood debt of the martyrs” through responsible governance.

Emphasis on tolerance, safety and economic rights

Touching upon Bangladesh’s social fabric, Rahman said the country belongs to everyone, irrespective of religion or geography, and underlined the importance of tolerance. He spoke about creating a safe environment where women, men and children can move freely without fear.

He also said the BNP would focus on peace, political reform and strengthening the economy. Referring to student leader Sharif Osman Hadi, Rahman said he had dreamt of a democratic Bangladesh and promised justice in connection with his killing, along with restoring people’s economic rights.

Call to youth and visit to Khaleda Zia

Rahman called upon the younger generation to take responsibility for development and stability, stressing that collective effort would be crucial to implementing his plan for Bangladesh.

After the address, he left to visit his ailing mother, Khaleda Zia, who is undergoing treatment at Evercare Hospital.

Rahman has been living in exile since 2008 following convictions in multiple corruption cases, which he has described as politically motivated. He has also alleged that the previous government attempted to assassinate him through torture.

With the Awami League barred from contesting elections, the political landscape has narrowed significantly. The BNP now holds a dominant position, and Rahman’s return has added fresh momentum and uncertainty to Bangladesh’s political future.

Continue Reading

Trending

© Copyright 2022 APNLIVE.com