United States Generalized System of Preferences
E906886
The United States Generalized System of Preferences is a U.S. trade program that grants duty-free access to thousands of products imported from designated developing countries to promote their economic growth.
Statements (48)
| Predicate | Object |
|---|---|
| instanceOf |
tariff preference scheme
ⓘ
trade preference program ⓘ unilateral trade program ⓘ |
| administeredBy |
Office of the United States Trade Representative
NERFINISHED
ⓘ
U.S. Customs and Border Protection NERFINISHED ⓘ |
| allows |
graduation of countries that become sufficiently competitive
ⓘ
product-specific graduation when imports reach certain thresholds ⓘ |
| alsoKnownAs |
Generalized System of Preferences of the United States
NERFINISHED
ⓘ
U.S. GSP NERFINISHED ⓘ U.S. Generalized System of Preferences NERFINISHED ⓘ |
| appliesTo |
developing countries
ⓘ
least-developed beneficiary developing countries ⓘ |
| basedOn | Generalized System of Preferences NERFINISHED ⓘ |
| beneficiaryType |
beneficiary developing country
ⓘ
least-developed beneficiary developing country ⓘ |
| benefit | duty-free access to the U.S. market for eligible products ⓘ |
| conditionForEligibility |
compliance with internationally recognized worker rights
ⓘ
cooperation on counter-narcotics efforts ⓘ not engaging in gross violations of internationally recognized human rights ⓘ providing reasonable and equitable access to its market for U.S. goods ⓘ respect for intellectual property rights ⓘ |
| country |
United States of America
ⓘ
surface form:
United States
|
| covers |
agricultural products
ⓘ
industrial products ⓘ thousands of tariff lines ⓘ |
| createdBy | United States Congress ⓘ |
| evaluationMechanism |
country practice reviews
ⓘ
public petitions and hearings on eligibility issues ⓘ |
| excludes |
most apparel
ⓘ
most electronics ⓘ most footwear ⓘ most textiles ⓘ most watches ⓘ |
| governingBody | President of the United States NERFINISHED ⓘ |
| impact |
reduces tariff costs for U.S. importers on eligible products
ⓘ
supports export-led growth in beneficiary countries ⓘ |
| legalBasis | Trade Act of 1974 NERFINISHED ⓘ |
| policyType | non-reciprocal trade preference ⓘ |
| presidentialAuthority |
to designate beneficiary countries
ⓘ
to suspend or withdraw benefits ⓘ |
| purpose |
to encourage exports from developing countries
ⓘ
to promote economic growth in developing countries ⓘ to provide duty-free treatment for eligible products ⓘ |
| relatedTo |
European Union Generalised Scheme of Preferences
NERFINISHED
ⓘ
World Trade Organization Enabling Clause NERFINISHED ⓘ |
| requires | periodic renewal by the U.S. Congress ⓘ |
| startDate | 1976-01-01 ⓘ |
| statusAsOf2024 | expired and awaiting congressional reauthorization ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.
Sri Lanka–United States relations
→
tradeFramework
→
United States Generalized System of Preferences
ⓘ