Generalized System of Preferences

This report discusses the Generalized System of Preferences (GSP), which provides preferential tariff treatment to certain products that are imported from designated developing countries. The primary purpose of the program, which the United States and other industrial countries initiated in the 1970s, is to promote economic growth in developing countries and countries in transition by stimulating their exports. The program was last reauthorized through December 31, 2006, by the 107th Congress in section 4101 of the Trade Act of 2002 (P.L. 107-210).