Generalized system of preferences (GSP)
By Mia Fernandez
Generalized system of preferences (GSP),
Definition of Generalized system of preferences (GSP):
Non-reciprocal concessions under which developed countries allow duty-free or low-duty entry to imports from selected developing countries up to a certain limit or quota. Also called generalized preferential tariff (GPT).
Meaning of Generalized system of preferences (GSP) & Generalized system of preferences (GSP) Definition
