Beruflich Dokumente
Kultur Dokumente
GLOBAL SYSTEM OF
TRADE
TRADE PREFERENCES
AGREEMEN
(GSTP)
T
THE GLOBAL SYSTEM OF TRADE
PREFERENCES
AMONG DEVELOPING COUNTRIES
The Agreement on the Global System of Trade Preferences among Developing
Countries (GSTP) was established in 1988 as a framework for the exchange of
trade preferences among developing countries in order to promote intra-
NAME: Swati Binani
developing-country trade. It lays down rules, principles and procedures for
conduct of negotiations and for implementation of the results of the negotiations.
ENROL NO: 08BS0003534
The coverage of the GSTP extends to arrangements in the area of tariffs, para-
tariff, non-tariff measures, direct trade measures including medium and long-term
contracts and sectoral agreements.
SUBJECT: International
The idea received its first political expression at the 1976 ministerial meeting of
the Group of 77 (G77) in Mexico City and was further developed at G77
Marketing
ministerial meetings in Arusha (1979) and Caracas (1981).In 1982, the Ministers
of Foreign Affairs of the Group of 77 in New York defined the basic components
FACULTY: Prof. Dipankar Dey
of the Agreement and established a framework for negotiations. In 1984, the G77
began preparatory work in Geneva on various aspects of a framework agreement.
In 1985, the New Delhi ministerial meeting provided further impetus to the
SECTION: “B”
process of negotiations in Geneva. The ministerial meeting in Brasilia in 1986
established the provisional framework of the Agreement and launched the first
round of negotiations on preferential trade concessions. In 1988, the text of the
Agreement was adopted and the first round of negotiations concluded in Belgrade.
To date, 44 countries have ratified/acceded to the Agreement: Algeria, Argentina,
Bangladesh, Benin, Bolivia, Brazil, Cameroon, Chile, Colombia, Cuba,
Democratic People's Republic of Korea, Ecuador, Egypt, Ghana, Guinea, Guyana,
India, Indonesia, Iran, Iraq, Libya, Malaysia, Mexico, Morocco, Mozambique,
Myanmar, Nicaragua, Nigeria, Pakistan, Peru, Philippines, Republic of Korea,
Romania, Singapore, Sri Lanka, Sudan, Thailand, Trinidad and Tobago, Tunisia,
Tanzania, Venezuela, Viet Nam and Zimbabwe. The GSTP received a further
boost on 20th October, 2006 with the accession of Mercosur, the Southern
Common Market, comprising of Argentina, Brazil, Paraguay and Uruguay.
Romania has verbally informed GSTP of its withdrawal in view of their accession
to the European Union, scheduled for 1st January 2007. The withdrawal of
Romania would diminish the current concessions under the GSTP by about 105
tariff lines.
IMPORTANT FEATURES OF GSTP AGREEMENT
REFERENCES
➢ www.eicindia.org
➢ www.commerce.nic.in
➢ www.g77.org
➢ www.escwa.un.org
➢ www.unctadxi.org
➢ www.unctad.org
➢ Wikipedia