Legitimacy and Rationale: The Withdrawal of GSP Scheme

“‘Preference’ generally refers to tariff preferences. The basic idea is that products from developing and less developed countries that are to be imported into an industrialized nation would be subject to a tariff rate by the industrialized nation that would be less than the rate applied to products from a source other than a developing and less developed country”.…

The new system would fulfil the demands of developing countries and, at the same…