GSP is largest and oldest US trade preference programme introduced in 1976. It is designed to promote economic development by allowing duty-free entry for thousands of products from designated beneficiary countries both developing and developed countries. Under it, a wide range of industrial and agricultural products originating from certain developing countries are given preferential access …
Context: India and US have established new two-by-two (2 by 2) ministerial dialogue to enhance strategic coordination between them and maintaining peace and stability in the Indo-Pacific region. The new dialogue format will replace the earlier India-US Strategic and Commercial Dialogue. It will be similar to the India-Japan 2+2 dialogue format between foreign and defence …
Evolution of India-US Defence relations: Two parallel tracks of dialogue began in the 1990s. The strategic dialogue covering nuclear issues shifted gears following the nuclear tests of 1998 and imposition of sanctions by the U.S. India-U.S. concluded a bilateral civil nuclear cooperation agreement in 2008. The defence dialogue began in 1995 with the setting up …