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Import Promotion: Preferential Arrangements

In: Trade Policies towards Developing Countries

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  • Stuart K. Tucker

Abstract

For the most part US tariffs are low. However in selected and sensitive labour-intensive product areas the tariffs are very high, paralleling the non-tariff barriers restraining trade in the same categories. The US Generalized System of Preferences (GSP) was instituted in the early 1970s as a way of improving relations with developing countries. The lowered protection was seen as affordable since many developing countries were deemed unable to supply significant quantities of the manufactured products that benefited most from the preferential treatment.

Suggested Citation

  • Stuart K. Tucker, 1993. "Import Promotion: Preferential Arrangements," Palgrave Macmillan Books, in: Ippei Yamazawa & Akira Hirata (ed.), Trade Policies towards Developing Countries, chapter 10, pages 145-160, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-22982-6_10
    DOI: 10.1007/978-1-349-22982-6_10
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