USTR removes India from developing country list

Until 10 February 2020, India was on the developing country list and therefore eligible for the more relaxed standards. India has now been taken off of that list.
Vamsi Athreya

Updated: Feb 14,2020 05:04:26 pm

USTR removes India from developing country list

14 February 2020 Current Affairs:The United States Trade Representative (USTR) has changed an administrative rule to impose countervailing duties (CVDs) on goods from India and certain other countries. Until 10 February 2020, India was on the developing country list and therefore eligible for the more relaxed standards. India has now been taken off of that list.

Classification:
In 1998, the World Trade Organization's (WTO) Subsidies and Countervailing Measures (SCM) Agreement came up with lists of countries classified as per their level of development. These lists will determine whether the countries are potentially subject to US countervailing duties. This rule is now obsolete. 
Countries that are not given special consideration will have lower levels of protection against a CVD investigation. The new list consists of 36 developing countries and 44 least developed countries.
Free Current Affairs to Your Email

Latest Current Affairs 2020

Daily Current Affairs 2020



Subscribe to Current Affairs

Enter your email to get daily Current Affairs
Current Affairs PDF

Current Affairs 2020 February

February 21
News Quiz
February 20
News Quiz
February 19
News Quiz
February 18
News Quiz

Current Affairs 2020 January

January 31
News Quiz
January 30
News Quiz
January 29
News Quiz
January 28
News Quiz

Current Affairs 2019 December

December 31
News Quiz
December 30
News Quiz
December 29
News Quiz
December 28
News Quiz