Generalized system of preferences (GSP)

Generalized system of preferences (GSP),

Definition of Generalized system of preferences (GSP):

  1. 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