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US open to talks on GSP with India
Why is it in news?
- U.S. Secretary of State Michael Pompeo hinted that it was possible to reinstate the Generalised System of Preferences (GSP), a program for preferential access to certain goods markets in the U.S., for India.
More in news
- 5G and data localization: The administration official is expected to discuss the issue as well as 5G network technology and data localization while in New Delhi later this month on a visit.
- For free data flow: In addition to the GSP, data localisation regulations and proposed policies have been a source of friction between the two countries.
- Countering Huawei: The Trump administration is pushing its allies and partner countries to block the Chinese telecom giant Huawei from participating in building their next generation (5G) telecommunication networks and has put Huawei on a trade blacklist for U.S. companies.
Source
The Hindu