The Generalized System of Preferences, allows developing countries to export all (or nearly all) of their products to a participating developed country on a nonreciprocal basis.

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The Generalized System of Preferences (GSP) is a program that provides preferential duty-free treatment for imports from designated beneficiary developing countries. This allows these countries to export all or nearly all of their products to a participating developed country on a nonreciprocal basis.

The Generalized System of Preferences, Allows Developing Countries to Export