Generalized System of Preferences

The Generalized System of Preferences, GSP, is a framework under which
developed countries give preferential tariff treatment to manufactured
goods imported from certain developing countries. GSP is one element of a
coordinated effort by the industrial trading nations to bring developing
countries more fully into the international trading system. The U.S. GSP
scheme is a system of nonreciprocal tariff preferences for the benefit of
these countries. The U.S. conducts annual GSP reviews to consider
petitions requesting modification of product coverage and/or country
eligibility. United States GSP law requires that a beneficiary country's
laws and practices relating to market access, intellectual property rights
protection, investment, export practices, and workers rights be considered
in all GSP decisions.