2019
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Japan
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Mexico
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India
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China
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Detailed explanation-1: -India’s termination from GSP follows its failure to provide the United States with assurances that it will provide equitable and reasonable access to its markets in numerous sectors.
Detailed explanation-2: -As of January 2021, 119 developing countries were beneficiaries of the program. Bangladesh and India are not current beneficiaries of the U.S. GSP. Although members of the program since 1985 and 1975, respectively, Bangladesh was denied access in 2013 and India in 2019.
Detailed explanation-3: -The following 15 countries grant GSP preferences: Armenia, Australia, Belarus, Canada, the European Union, Iceland, Japan, Kazakhstan, New Zealand, Norway, the Russian Federation, Switzerland, Turkey, United Kingdom and the United States of America.
Detailed explanation-4: -The Generalized System of Preferences (GSP) is a trade program that provides nonreciprocal, duty- free treatment for certain U.S. imports from eligible developing countries. The GSP is the largest such U.S. program; there are other regional preference programs, including the African Growth and Opportunity Act (AGOA).