Generalized System of Preferences: Background and Renewal Debate [September 26, 2006] [open pdf - 202KB]
"This report presents, first, a brief history, economic rationale, and legal background leading to the establishment of the Generalized System of Preferences [GSP]. A brief comparison of GSP programs worldwide, especially as they compare to the U.S. system, is also presented. Second, the U.S. implementation of the GSP is discussed, along with the present debate surrounding its renewal and legislative developments to date. Third, an analysis of the U.S. program's effectiveness and the positions of various stakeholders are presented. Fourth, possible implications of the expiration of the U.S. program and other possible options for Congress are discussed. This report will be updated as events warrant."
CRS Report for Congress, RL33663
U.S. Dept. of State, Foreign Press Centers: http://www.fpc.state.gov/