According to the professor, India could spend [hundreds of thousands or even millions of dollars] on this issue, up to 5 million. Some countries that hire lobbying firms in D.C. spend a hundred thousand dollars a month. Thus, if it takes about 2 years for the bill to pass, India could spend 2.4 million.
However, by that time, India may be so developed that it will not be eligible for the GSP status anymore.. Plus, by that time, the WTO may develop a framework that assigns objective criteria to a country’s development status. The U.S. may be either mandated to by the WTO or choose to follow this framework.
According to the professor, India could spend [hundreds of thousands or even millions of dollars] on this issue, up to 5 million. Some countries that hire lobbying firms in D.C. spend a hundred thousand dollars a month. Thus, if it takes about 2 years for the bill to pass, India could spend 2.4 million.
However, by that time, India may be so developed that it will not be eligible for the GSP status anymore.. Plus, by that time, the WTO may develop a framework that assigns objective criteria to a country’s development status. The U.S. may be either mandated to by the WTO or choose to follow this framework.