What is GSP?
The Generalized System of Preferences (GSP)
is a U.S. trade preference program that provides opportunities for many of the
world’s poorest countries to use trade to grow their economies and climb out of
poverty. GSP is the largest and oldest U.S. trade preference
program. Established by the Trade Act of 1974, GSP promotes economic
development by eliminating duties on up to 5,000 types of products when
imported from one of 122 designated beneficiary countries and territories.
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| The USA has left out Bangladesh from GSP list |
