Economics and Business

Economics

 

 

Generalized System of Preferences

Author: Paulo Nunes (Economist, Professor and Business Consultant)

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Date Created: 25/05/2011

Summary: Generalized System of Preference (GSP) is an instrument created by the Conference of the United Nations...  see full article

Key words:  Economics,

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Generalized System of Preferences

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Generalized System of Preferences Concept

Generalized System of Preference (GSP) is an instrument created by the Conference of the United Nations for the Commerce and Development (CUNCD) based on the principle “Commerce Yes, Help No” as a way to promote development of the southern countries through the promotion of North/South commerce. For that were given customs advantages for some kinds of products exported to more developed countries.

 

 

Translated from Portuguese by Susana Saraiva, Portuguese-English and English-Portuguese translation specialist. Contact: spams@sapo.pt