Generalized System of Preferences - Definition
Written by Jason Gordon
Updated at December 19th, 2020
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What is the Generalized System of Preferences?
Generalized System of Preferences (GSP) is a trade preference program that permits duty-free or low-duty entry of products from developing countries and territories. GSP is also called generalized preferential tariff (GPT).
The GSP exempts nations from WTO (World Trade Organization) rules and policies, such as the Most Favored Nation principle. Basically, this rule requires member countries of WTO to treat each other equally with regard tariffs. This serves to to reduce tariff rates for underdeveloped nations.
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Academic Research on Generalized System of Preferences (GSP)
- Trade benefits under the EEC generalized system of preferences, Sapir, A. (1981). European Economic Review, 15(3), 339-355.
- Labor rights in the generalized system of preferences: A 20-year review, Compa, L., & Vogt, J. S. (2000). Comp. Lab. L. & Pol'y J., 22, 199.
- The US Generalized System of Preferences and its impacts, Sapir, A., & Lundberg, L. (1984). In The structure and evolution of recent US trade policy (pp. 195-236). University of Chicago Press.
- India's WTO Challenge to Drug Enforcement Conditions in the European Community Generalized System of Preferences: A Little Known Case with Major , Howse, R. (2003). Chi. J. Int'l L., 4, 385.
- The perversity of preferences: GSP and developing country trade policies, 19762000, zden, ., & Reinhardt, E. (2005). Journal of Development Economics, 78(1), 1-21.
- The degeneralization of the Generalized System of Preferences (GSP): questioning the legitimacy of the US GSP, Mason, A. M. (2004). Duke LJ, 54, 513.
- General equilibrium effects of the US generalized system of preferences, Brown, D. K. (1987). Southern Economic Journal, 27-47.
- Accounting for Underutilization of Trade Preference Programs: US Generalized System of Preferences, Hakobyan, S. (2010). University of Virginia.
- A little less conversation: The EU and the (non) application of labour conditionality in the generalized system of preferences (GSP), Vogt, J. (2015). International Journal of Comparative Labour Law and Industrial Relations, 31(3), 285-304.
- The US Generalized System of Preferences for Developing Countries: International Innovation and the Art of the Possible, Graham, T. R. (1978). American Journal of International Law, 72(3), 513-541.
- Trade and welfare effects of the European schemes of the Generalized System of Preferences, Brown, D. K. (1989). Economic Development and Cultural Change, 37(4), 757-776.