GSP has various meanings in the Business category. Discover the full forms, definitions, and usage contexts of GSP in Business.
A preferential tariff system which provides for a formal system of exemption from the more general rules of the World Trade Organization (WTO). Specifically, it's a system of exemption from the most favored nation principle (MFN) that obliges WTO member countries to treat the imports of all other WTO member countries equally, that is, by imposing equal tariffs on them, etc.
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