US retail giant Walmart is supporting India on a trade measure against the country by the Trump administration, The Economic Times reported.
The retailer has urged continuation of low or zero duty benefits for $5.6 billion-worth Indian exports to the US under the Generalised System of Preferences (GSP) scheme, the report said.
The company said revoking India’s GSP eligibility was “too blunt a tool” and would only end up benefiting others, according to a submission by Walmart to the US government accessed by the paper.
Bentonville, Arkansas-headquartered Walmart in May announced it was acquiring roughly 77 percent of homegrown Flipkart, a deal which now awaits the approval of India’s anti-trust regulator.
Walmart, which currently runs 21 cash-and-carry stores in India, has faced protests from nearly 10 lakh traders against the Flipkart deal.