What is the Generalized System of Preferences (GSP)

U.S. trade preference programs such as the Generalized System of Preferences (GSP) provide opportunities for many of the world’s poorest countries to use trade to grow their economies and climb out of poverty. GSP is the largest and oldest U.S. trade preference program. Established by the Trade Act of 1974, GSP promotes economic development by eliminating duties on thousands of products when imported from one of 120 designated beneficiary countries and territories. The GSP Guidebook provides basic information on the program.

More: https://ustr.gov/issue-areas/trade-development/preference-programs/generalized-system-preference-gsp