„Generalized System Of Preferences (GSP)“

What does Generalized System Of Preferences (GSP) stand for?

A program providing for free rates of duty for merchandise from beneficiary developing independent countries and territories to encourage their economic growth.

Source:

Krugman, Paul R., and Maurice Obstfeld. “International Economics: Theory and Policy.” 5th Edition. (Addison-Wesley Publishing, 2000) pp. 550-553.

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