The United States established the Generalized System of Preferences (GSP) on January 1, 1976 to promote economic growth in developing countries. Under this program, duty-free benefits can be obtained for certain products from 129 designated beneficiary countries and territories that meet the Rules of Origin, which include a regional value content and direct importation requirements. The President has the authority to withdraw, suspend, or limit the GSP status of a country based on the determination that the country has become sufficiently competitive or developed.
The United States Representative announced on March 4, 2019 that the United States intends to terminate the GSP designation for India and Turkey no earlier than in 60 days. India and Turkey hold the 1st and 5th place respectively among the top 10 GSP beneficiaries. The GSP termination for either country would become official once the governments of India and Turkey are notified, the waiting period is over, and a presidential proclamation is issued and signed by the President.
Here is the link to the USTR’s webpage and announcement: https://ustr.gov/about-us/policy-offices/press-office/press-releases/2019/march/united-states-will-terminate-gsp
