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Tuesday, 09 February 2010   |   Last Updated: 04 February 2010

 

Generalized System of Preference (GSP)

The 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. Congress has authorized GSP through December 31, 2010.

The GSP Guidebook and other information sources are available regarding the use of GSP duty-free treatment, and the fostering of economic growth through the expansion of trade between the United States and GSP beneficiaries.

All Federal Register Notices and comments submitted in response, beginning February 2009, are available at www.regulations.gov.