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United States to End Preferential Trade Treatment for India

Trump had announced his intention to remove India from the Generalized System of Preferences (GSP) program in early March

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FILE - New boats are on display at a dealership in Chester, Va., July 11, 2018. Some U.S. manufacturers are feeling the impact of tariffs the Trump administration has imposed on products from China, Europe, Mexico, Canada, India and Russia, and of retaliatory tariffs. VOA

President Donald Trump said Friday that the United States would end its preferential trade treatment for India June 5.

Trump had announced his intention to remove India from the Generalized System of Preferences (GSP) program in early March.

“I have determined that India has not assured the United States that India will provide equitable and reasonable access to its markets,” Trump said in a statement Friday.

trade treatment, india
Trump had announced his intention to remove India from the Generalized System of Preferences (GSP) program in early March. Pixabay

India is the biggest beneficiary of the GSP, which allows preferential duty-free imports of up to $5.6 billion from the South Asian nation.

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Indian officials have raised the prospect of higher import duties on more than 20 U.S. goods if Trump drops India from the program.

Twenty-four members of the U.S. Congress sent the administration a letter on May 3 urging it not to terminate India’s access to the GSP. (VOA)

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LinkedIn ‘Open For Business’ Feature In India

LinkedIn introduces its 'Open For Business' feature in India

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LinkedIn
LinkedIn introduces a feature that supports small and medium businesses (SMBs) and freelancers across the world. Pixabay

Microsoft-owned professional networking platform LinkedIn on Monday launched “Open for Business” in India — a feature that allows freelancers and small business owners to add their services to their LinkedIn profiles.

Initially rolled out in the US in July, the feature is now live in India and rest of the world and is a way for freelancers and small businesses to indicate they are “open for business”.

Acording to the company, this feature underlines its commitment to supporting small and medium businesses (SMBs) and freelancers across the world.

“With 660 million members and 30 million companies on the platform across the world, LinkedIn is uniquely positioned to help freelancers and small businesses be more productive and successful, whether they are based in Dubai or Dundee (Scotland),” Allen Blue, Co-founder and VP of Product Management, LinkedIn, said in a statement.

LinkedIn
LinkedIn is uniquely positioned to help freelancers and small businesses be more productive and successful. Pixabay

Based on the company’s research, small businesses are found to rely heavily on word of mouth, in order to bring in new customers.

“Open for Business” aims to digitise this word of mouth concept by making it easy for members to find, message, and provide references to each other.

With over 60 million users, India is LinkedIn’s fastest-growing and largest market outside the US.

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The company last month rolled out a ‘Made in India’ feature called ‘Events’ that allows members to create and attend events directly on both the app as well the web globally.

The USP of the product is the ability to enable safe online conversations and offline events. (IANS)