In the WTO, it is the preference giving country, which decides the list of developing countries that will benefit from schemes such as the Generalized System of Preferences (GSP).

Question

Quizplus · Accepted Answer

In the World Trade Organization (WTO) framework, it is indeed the preference-giving country that determines the list of developing countries which will benefit from schemes like the Generalized System of Preferences (GSP), allowing them to export goods with reduced tariffs to promote economic growth.

In the WTO, It Is the Preference Giving Country, Which