General System of Trade Preferences among Developing Countries (GSTP)

General System of Trade Preferences among Developing Countries (GSTP),

Definition of General System of Trade Preferences among Developing Countries (GSTP):

  1. An agreement enacted in 1988 by the United Nations Conference on Trade and Development that provides tariff concessions in order to stimulate trade between developing nations. The agreement gives favored nation trading status to signatories.

Meaning of General System of Trade Preferences among Developing Countries (GSTP) & General System of Trade Preferences among Developing Countries (GSTP) Definition