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Africa and the Generalised System of Preferences
Published online by Cambridge University Press: 11 November 2008
Extract
The Generalized System of Preference is composed of various schemes under which donor countries, or regions, offer non-reciprocal and general tariff reductions on the imports of semi-manufactured and manufactured goods from developing countries. The G.S.P. differs from preferences previously granted to African countries by European nations in two ways: first, the preferences granted relate to a broad range of articles rather than relating to specific primary commodities; and secondly, they are non-reciprocal and do not bind developing countries to grant trade preferences on selected imported goods in order to receive them on some of the commodities and food-stuffs that they export.
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References
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