Generalized System of Preferences : Background and Renewal Debate

Author / Creator

Library of Congress. Congressional Research Service

Available as

Online

Summary

This report is one in a series of updates. For the most recent coverage of this report series, please see 12-RL-33663 in the 2012 issue. Provides brief history, economic rationale, and legal backgr...

This report is one in a series of updates. For the most recent coverage of this report series, please see 12-RL-33663 in the 2012 issue.

Provides brief history, economic rationale, and legal background leading to the establishment of the Generalized System of Preferences (GSP), which extends duty-free treatment to products imported from designated developing countries. Discusses U.S. implementation of GSP, legislation in the 113th Congress, program effectiveness, and positions of various stakeholders. Explores possible implications of expiration, renewal, or modification of U.S. GSP program originally established by the Trade Act of 1974.

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