Generalized system of preferences (GSP)
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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
