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The US removed India from the list of the developing nation.


The USTR (United States Trade Representative) removed a number of countries such as Hong Kong, Brazil, Indonesia, South Africa & Argentina from its list of developing countries that get trade benefits.

United States removed India from the list because of the latter’s G-20 membership. “For purposes of the USTR, US CVD law, so, consider countries with a share of 0.5 % or more of world trade to be urbanized countries,” the USTR stated. (India’s share in global exports stood at 1.67% in 2018 although, for global imports, it was 2.57 %.)

Last year, the United States had proposed withdrawal of special rights and exemptions for emerging economies such as India and China, which are members of the Organization for OECD (Economic Cooperation and Development), G20, classified as “high income” by the World Bank or account for more than 0.5% of global merchandise trade.

The US removed India from the list of the developing nation.