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GENERALIZED SYSTEM OF PREFERENCES

Specialty Definition: GENERALIZED SYSTEM OF PREFERENCES

DomainDefinition

Agriculture

First authorized by the Trade Act of 1974, GSP allows some 140 developing countries to ship more than 3,000 products to the United States duty-free. This helps developing countries to generate foreign exchange needed to purchase import commodities. The United States and 18 other industrialized nations began GSP programs in the mid-1970s to promote the economic growth of developing nations. (GSP). (references)

Economics

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

Finance

A concept developed by UNCTAD to provide special incentives to induce the expansion of exports from developing countries. Source: European Union. (references)

Source: compiled by the editor from various references; see credits.

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Crosswords: GENERALIZED SYSTEM OF PREFERENCES

Specialty definitions using "GENERALIZED SYSTEM OF PREFERENCES": GSP. (references)

Source: compiled by the editor from various references; see credits.

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Synonym: GENERALIZED SYSTEM OF PREFERENCES

Synonym: Tariff preferences. (additional references)
Synonym by domain: egp (finance).

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Non-Fiction Usage: GENERALIZED SYSTEM OF PREFERENCES

SubjectTopicQuote

Business

The European Union has a preferential trade agreement with the PA similar to that of the U.S. generalized System of Preferences program. (references)

In October 1996, President Clinton signed a proclamation granting U.S. duty-free import status to items produced in or imported from the PA. The European Union has a preferential trade agreement with the PA similar to that of the U.S. generalized System of Preferences program. (references)

Economic History

South Africa

Many South African shipments to the United States receive U.S. Generalized System of Preferences treatment. (references)

Poland

Most Polish exports to the U.S. receive tariff benefits under the Generalized System of Preferences (GSP) program. (references)

Botswana

Botswana is a signatory to the Lome Convention, participates in the Generalized System of Preferences, and is an AGOA beneficiary country. (references)

Political Economy

INDIA

In April 1992, the United States suspended duty-free privileges under the Generalized System of Preferences (GSP) for $60 million in trade from India. (references)

AUSTRIA

However, in compliance with the EU Generalized System of Preferences, a customs declaration must be made in order to bring goods from a third country to Austria. (references)

UKRAINE

In August 2001, the U.S. Trade Representative revoked Ukraine's Generalized System of Preferences (GSP) privileges as a result of Ukraine's inability to protect intellectual property rights. (references)

Trade

Ireland

The granting of reduced tariffs to developing countries is sanctioned and administered under the Generalized System of Preferences (GSP). (references)

Burma

In 1989, the United States withdrew Burma's eligibility for benefits under the generalized system of preferences (GSP) due to the absence of internationally recognized worker rights. (references)

South Africa

South African shipments are eligible for Generalized System of Preferences (GSP) and African Growth and Opportunity Act (AGOA) treatment in the United States, which brings US tariffs on most goods to zero. (references)

Worker Rights

Syria

In 1992 Syria's eligibility for tariff preferences under the U.S. Generalized System of Preferences was suspended because the Government failed to afford internationally recognized worker rights to workers. (references)

Maldives

In 1995 the U.S. Government suspended the country's eligibility for tariff preferences under the U.S. Generalized System of Preferences because the Government failed to take steps to afford internationally recognized worker rights to workers. (references)

Source: compiled by the editor from ICON Group International, Inc.; see credits.

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Modern Translation: GENERALIZED SYSTEM OF PREFERENCES

Language Translations for "GENERALIZED SYSTEM OF PREFERENCES"; alternative meanings/domain in parentheses.

Danish

  

Generel toldpræferenceordning (Generalized Scheme of Preferences, System of Generalized Preferences). (various references)

   

Dutch

  

Generalized System of Preferences, stelsel van algemene preferenties (generalized preferences scheme, generalized scheme of preferences, system of generalised preferences), Stelsel üan Algemene Preferenties (Generalized Scheme of Preferences, System of Generalized Preferences), preferentiestelsell (generalized scheme of preferences, system of generalised preferences), Algemeen Preferentiestelsel (Generalized Scheme of Preferences, system of generalised preferences, System of Generalized Preferences). (various references)

   

French

  

Système Généralisé de Préférences(SGP) (Generalized Scheme of Preferences, System of Generalized Preferences), Système Généralisé de Préférences (Generalized Scheme of Preferences, system of generalised preferences, System of Generalized Preferences), Système de Préférences Généralisées (Generalized Scheme of Preferences, system of generalised preferences, System of Generalized Preferences). (various references)

   

German

  

System der Allgemeinen Präferenzen(SAP) (Generalized Scheme of Preferences, System of Generalized Preferences), System der allgemeinen Präferenzen (Generalized Scheme of Preferences, system of generalised preferences, System of Generalized Preferences), allgemeines Präferenzsystem (Generalized Scheme of Preferences, system of generalised preferences, System of Generalized Preferences), allgemeines Präferenz-Schema (Generalized Scheme of Preferences, System of Generalized Preferences). (various references)

   

Greek 

  

Σύστημα "ενικευμένων ροτιμήσεων (Generalized Scheme of Preferences, System of Generalized Preferences). (various references)

   

Italian

  

Sistema di Preferenze Generalizzate(SPG) (Generalized Scheme of Preferences, System of Generalized Preferences), sistema delle preferenze generalizzate (generalized preferences scheme, generalized scheme of preferences, system of generalised preferences). (various references)

   

Pig Latin

  

eneralizedgay ystemsay ofay eferencespray

   

Portuguese

  

Sistema de Preferências Generalizadas(SPG) (Generalized Scheme of Preferences, System of Generalized Preferences), Sistema de Preferências Generalizadas (Generalized Scheme of Preferences, System of Generalized Preferences). (various references)

   

Spanish

  

Sistema de Preferencias Generalizadas(SPG) (Generalized Scheme of Preferences, System of Generalized Preferences), Sistema de Preferencias Generalizadas (Generalized Scheme of Preferences, System of Generalized Preferences), Esquema Generalizado de Preferencias (Generalized Scheme of Preferences, System of Generalized Preferences). (various references)

Source: compiled by the editor from various translation references.

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INDEX

1. Synonyms
2. Crosswords
3. Quotations: Non-fiction
4. Translations: Modern
5. Bibliography


  

Copyright © Philip M. Parker, INSEAD. Terms of Use.