Towhom does theUs
offer such a huge concession of 19
billion?
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1
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To restore trade benefits to India, the United States is asking for concessions that are much higher than the benefits the country would forgo with the withdrawal of the generalized system of preferences (GSP), affecting potential negotiations between the two countries. Sources said while revenues foregone by India would be $190-240 million a year, Washington is asking for tariff concessions in IT products amounting to $3.2 billion.
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