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generalized system of preferences

generalized system of preferences
【正确答案】:Generalized system of preferences is meant to assist developing countries in their economic development efforts. Under the system,developed countries grant developing countries favorable lower tariffs without granting them to developed members. And the developing countries do not have to reciprocate such favorable treatment to the developed countries. So the GSP is an important exception to the non-discriminate principle of MFN.

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