<h1>U.S. Plans to Withdraw GSP Benefits for India After Review; India Proposes Trade Package Amid Ongoing Negotiations.</h1> The United States issued a 60-day notice to withdraw India's Generalized System of Preferences (GSP) benefits, following a review initiated in April 2018. The GSP, which provides non-reciprocal benefits to developing countries, resulted in a $190 million annual duty reduction for India. The review, prompted by U.S. medical devices and dairy industries, expanded to include various trade issues. India engaged in negotiations, offering concessions on several U.S. requests, including telecom testing and ICT tariffs. Despite some unresolved issues, India proposed a mutually acceptable trade package and highlighted its growing market for U.S. goods and services, noting reduced trade deficits.