UCF Global Perspectives

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Tag Archives: international trade

United States Ends Preferential Trade Deals with India

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The United States government intends to scrap the preferential trade status granted to India that allows duty-free entry for up to $5.6 billion worth of its exports (Al Jazeera). Under the Generalized System of Preferences program (GSP) “certain products” can enter the U.S. duty-free if countries meet the eligibility criteria (Al Jazeera). One of the […]

Controversial Trans Pacific Partnership Signed by 12 Member Nations in Auckland

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The trade deal, five years in the making, was signed in New Zealand; however, negotiations will delay it becoming a reality in the near future (Reuters). The nations involved account for approximately 40% of the world’s economy and they now have two years to ratify or reject the pact (BBC). The countries involved in the […]