Indian Jewelry Exports Threatened by Lawmaker’s Bill
From News Dispatches
San Leandro India West, CA
The Indian jewelry industry, hit hard by the recent flooding of Surat, Gujarat, faces another threat-this time by legislation proposed in the United States.
Congressman Bill Thomas (R-Calif.) has introduced a bill that seeks to end the U.S. president’s power to grant competitive needs limitations waiver-a key regulation that allows tariff-free Indian jewelry exports-to products whose exports under the Generalized System of Preferences exceed $1.5 billion.
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