The United States is ready to dialogue with India after Washington terminates trade preferences for New Delhi under the Universal Incentive System (GSP) program.

This is a statement by the US Secretary of State on June 12 before the visit to this South Asian country.

In his speech regarding US foreign policy toward India, Mr Pompeo said Washington still had to open a dialogue plan and hoped that Indian partners would remove and trust the competition. businesses in their countries.

The US diplomat said that the two sides will certainly approach some thorny issues, and it is likely that Washington’s recent decision regarding GSP is also part of the discussion.

Also in this speech, Mr. Pompeo called for strengthening cooperation with India in the field of defense, energy and aerospace, and at the same time protecting the President’s Indian-Pacific policy. Trump is "free and open."

On May 31 last, the US President announced the end of trade incentives for India under GSP since June 5, on the grounds that New Delhi cannot guarantee that it will bring about fair access and suitable for the US market of this country.

The system exempted from "certain products" imported into the United States if it met the appropriate criteria, including "allowing the US to access the market fairly and satisfactorily."

According to US Congress data, India is the most benefiting country from the US GPS program for decades, with the export of duty-free goods worth 5.7 billion USD to the US in 2017. .

In the 2017-2018 period, the US trade deficit with India was 26.7 billion USD.