USTR - Fact Sheet,348/10en-usGSP and ATPA: Critical to the United States(Updated 2/16/11) Expiration: Frequently Asked QuestionsGSP Expiration: Frequently Asked QuestionsWill trade benefits under the Generalized System of Preferences (GSP) end on December 31, 2010? Critical to the United States and Developing CountriesThe U.S. Generalized System of Preferences (GSP) is a program designed to promote economic growth in the developing world by providing preferential duty-free entry for about 4,800 products from 131 designated beneficiary countries and territories. GSP was instituted on January 1, 1976 by the Trade Act of 1974. Unless extended by Congress, GSP will expire on December 31, 2009.GSP Creates American Jobs and Keeps U.S. Companies Competitive Authorizing the U.S. GSP Program (19 U.S. 2461 ET SEQ.) of the GSP Program- in English, Arabic, French, Spanish, Khmer, Ukrainian, Mongolian, and Dari: This link also includes the Guide to Internet Resources on the U.S. GSP Program Generalized System of Preferences Guidebook Regulations Pertaining to Eligibility of Articles and Countries for the GSP Program (15 CFR Part 2007) Contact Information to GSP Handbook - Updates since March 1999