The Generalized System of Preferences (GSP), an initiative of United Nations Conference on Trade and Development (UNCTAD), is operated by all major industrialized nations known as donor countries, with the basic objectives of increasing the export (foreign exchange) earnings of developing and least developed beneficiary countries, promoting their industrialization and accelerating their rate of economic growth.

The GSP, which is essentially a preferential tariff system, provides advantages to developing countries by enabling qualifying products to enter markets of donor countries at reduced or totally eliminated rates of duty and thus more competitive prices. Donor countries are however, not under any obligation in international law to give preferences if concessions are reduced or withdrawn.

OCIPED in association with UNTCAD Geneva is working to provide the GSP rate in web format for European Community (EC), USA and Japan for the benefit of Omani industries. Please click here to view GSP Benefits