Generalized System of Preferences (GSP) | Effect On The Indo-US Trade | By Akshay Sir

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#Generalized_System_of_Preferences (GSP) | Effect On The Indo-US Trade | By Akshay Sir

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.