| Generalized System of Preferences |
| The U.S. Generalized System of Preferences (GSP), a program designed to
promote economic growth in the developing world, provides preferential
duty-free
entry for more than 4,650 products from 131 designated
beneficiary countries and
territories. The GSP program was instituted
on Jan. 1, 1976, and authorized
under the Trade Act of 1974 for a
10-year period. It has been renewed
periodically since then, most
recently in 2006, when President George Bush
signed legislation that
reauthorized the GSP program through December 31, 2008.
The following Guidebook and other information sources are provided to
encourage the use of GSP duty-free treatment for fostering economic
growth
through the expansion of trade between the United States and the
developing GSP
beneficiaries. |
