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Posted inPolitics

What Is the Generalized System of Preferences, and Should Congress Renew It?

As Congressional debate heats up over the passage of Trade Promotion Authority (TPA), one of the bill’s attachments, renewing the Generalized System of Preferences (GSP), is drawing increased attention. Instituted in 1976, GSP aims to promote economic growth in the developing world by providing preferential, duty-free treatment for up to 5,000 products when imported from […]