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U N I T E D N AT I O N S C O N F E R E N C E O N T R A D E A N D D E V E L O P M E NT Generalized System of PreferencesHANDBOOK ON THE SCHEME OF SWITZERLAND N I T E D N AT I O N S C O N F E R E N

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Who needs generalized system of preferences?

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The generalized system of preferences is needed by countries that qualify for preferential treatment in international trade. It is designed to support developing countries and promote economic growth. Businesses and industries in these countries can benefit from reduced tariffs or duty-free access to export their products to other countries.

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What is generalized system of preferences?

Generalized System of Preferences (GSP) is a preferential tariff system which provides tariff reductions on imports for developing countries.

Who is required to file generalized system of preferences?

Importers seeking to benefit from GSP must file the necessary paperwork.

How to fill out generalized system of preferences?

To fill out GSP, importers must provide information such as country of origin, product details, and other pertinent information for eligibility.

What is the purpose of generalized system of preferences?

The purpose of GSP is to promote economic growth in developing countries by providing them with preferential access to markets in the developed world.

What information must be reported on generalized system of preferences?

Information such as country of origin, product details, and proof of eligibility must be reported on GSP forms.

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