India and GSP : An Overview.
Generalised System of Preference (GSP), Origin and its impact on Indian Exports · Tracing the Origin of GSP · India and GSP 1. Overview of Exports 2. Benefits to Indian exporters. 3. Impact of withdrawal of GSP. References. Tracing the Origin of 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. GSP promotes economic growth and development in the developing world. GSP promotes sustainable development in beneficiary countries by helping these countries to increase and diversify their trade with