It took a long wait of more than 18 months, but eventually the US
Government did renew the Generalized System of Preferences (GSP) thereby
enabling the duty-free entry of close to a whopping 3,500 product lines from
Indian Exporters. These product lines are slated to include merchandise from
numerous verticals including textiles, gems and jewellery, engineering and
chemical products. This renewal has been given a retrospective extension
ranging from the bygone August 2013 to December 2017.
