The Generalized System of Preferences (GSP) program allows ?
Correct answer: A. developing country export to advanced countries to receive preferential tariff treatment
- A. developing country export to advanced countries to receive preferential tariff treatment
- B. developing country imports from advanced countries to receive preferential tariff treatment
- C. any developing country to ignore the most-favored nation clause
- D. any advanced country to ignore the most favored-nation clause
Explanation
The GSP gives eligible developing countries reduced or preferential tariff access for their exports to advanced countries. It does not permit either group to disregard the most-favoured-nation principle generally.
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