1、 https:/crsreports.congress.gov Updated January 13, 2022Generalized System of Preferences (GSP)What is the GSP? The Generalized System of Preferences (GSP) is a trade program that provides nonreciprocal, duty-free treatment for certain U.S. imports from eligible developing countries. The GSP is the
2、largest such U.S. program; there are other regional preference programs, including the African Growth and Opportunity Act (AGOA). The GSP program expired on December 31, 2020. What is GSPs purpose? Congress created GSP to spur economic development in poor countries through trade. The program began i
3、n the 1970s when the United States and other developed country members of the United Nations (U.N.) sought ways to enable developing countries to diversify their economies and grow through trade. Rather than creating one unified GSP system, developed countries created their own programs based on a c
4、ommon set of principles. When did the U.S. program begin? The U.S. program was authorized in Title V of the Trade Act of 1974 (19 U.S.C. 2461-2467), and went into force on January 2, 1975. What other countries have GSP programs? Other countries that implement GSP programs with similar rules and obje
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