What Is Generalized System Of Preferences (GSP)? Definition And ...

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Dictionary of International Trade A B C D E F G H I J K L M N O P Q R S T U V W Y Z G- Ga Ge Gl Gm Go Gr Gu Generalized System of Preferences (GSP)

A framework under which developed countries give preferential tariff treatment to goods imported from certain developing countries. GSP is one element of a coordinated effort by industrial trading nations to bring developing countries more fully into international trading system. More than thirty countries now maintain GSP programmes. See also enabling clause. Website.

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