Generalized System of Preferences

The Generalized System of Preferences, or GSP, is a preferential tariff system which provides tariff reduction on various products. The concept of GSP is very different from the concept of "most favored nation" (MFN). MFN status provides equal treatment in the case of tariff being imposed by a nation but in case of GSP differential tariff could be imposed by a nation on various countries depending upon factors such as whether it is a developed country or a developing country. Both the rules comes under the purview of WTO. GSP provides tariff reduction for least developed countries but MFN is …



Cato Institute · 29 November 2023 English

To fuel Thanksgiving‐​mentum through this holiday transition week, we’ll dig into our incredible modern food abundance (yes, even amid recent inflation) and how globalization helps fuel it.My Cato colleague Sophia …

under the narrower, time‐ limited Generalized System of Preferences for less developed countries (which

Brookings Institution · 28 November 2023 English

Since the start of 2023, tension between the U.S. and South Africa has rapidly escalated. In February, South Africa welcomed the Russian warship Admiral Gorshkov--with the Kremlin's pro-war symbol, the …

by the U.S. through AGOA and the Generalized System of Preferences (GSP), which is the largest and oldest

Cato Institute · 15 November 2023 English

For nearly seventy‐​five years, the United States was the leading proponent of rules‐​based international trade and investment. While it once leveraged its dominant position in the global economy to create …

policymakers in Washington have let the Generalized System of Preferences (GSP) lapse. GSP cuts tariffs on certain

CITP: Centre for Inclusive Trade Policy · 2 November 2023 English

The impact of the EU CBAM could be quite significant for the exports of LDCs and L/LMICs to the EU.10 Among LDCs, regulated-product exports to the EU accounted for 62.2% …

countries, administered through a Generalized System of Preferences (for example, a country can provide

ILO: International Labour Organisation · 31 October 2023 English


withdrawal of benefits under the Generalized System of Preferences (GSP) from Belarus; the signature

CITP: Centre for Inclusive Trade Policy · 31 October 2023 English

The risk associated with an event is defined as the product of: i) the probability of the event occurring; ii) the exposure to the event; and iii) the potential loss. …

trade preference programs: The US generalized system of preferences”. In: Canadian Journal of Economics

ACUS: Atlantic Council of the United States · 24 October 2023

Atlantic Council AFRICA CENTER AGOA AND THE FUTURE OF US-AFRICA TRADE by Frannie Léautier Atlantic Council AFRICA CENTER The mission of the Atlantic Council’s Africa Center is to prepare policy …

modern trade agreements. But to define Generalized System of Preferences program. or measure our entire policy from AGOA (and the United States’ Generalized System of Preferences or GSP): Equatorial Guinea and Seychelles

NBER: National Bureau of Economic Research · 19 October 2023 English

A prominent explanation for why trade is not free is politicians’ desire to protect some of their constituents at the expense of others. In this paper we develop a methodology …

agreement with the United States—e.g. the Generalized System of Preferences or NAFTA—and non-MFN (“column two”)

ADB: Asian Development Bank · 12 October 2023 English

This report analyzes how to detangle and simplify the complex product-specific rules of origin (PSRO) in free trade agreements in Asia and the Pacific and explores how PSRO convergence can …

signed by exporter (e.g., Canada Generalized System of Preferences) iii. Statement of origin made by Registered exporter (e.g., European Union Generalized System of Preferences and some European Union FTAs) vi

EFSAS: European Foundation for South Asian Studies · 9 October 2023 English

The paper initially traces the historical backdrop of EU-India ties before zeroing in on two components of the relationship: (1) the trade and investment connectivity and (2) EU-India security cooperation …

as a developing country within its Generalized System of Preferences (GSP) scheme, which aimed to provide

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