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Concept information

Preferred term

Generalized System of Preferences  

Definition

  • The Generalized System of Preferences (GSP) gives developing countries preferential access to markets in wealthier countries. The GSP is an exemption from World Trade Organization (WTO) rules requiring member nations to set the same tariffs and customs fees on all countries (except those granted Most Favored Nation status). [Source: Encyclopedia of U.S.-Latin American Relations; Generalized System of Preferences]

Broader concept

Belongs to group

URI

http://data.loterre.fr/ark:/67375/N9J-X630HC03-4

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