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GSTP meaning

SME
Business and Industry Services
From Egypt
To Indonesia
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Rayyan Z.
Jan 25, 2021

What is GSTP?

1 answer

Jan 25, 2021

The GSTP (Global System of Trade Preference) is an Agreement on economic co - operation for promotion of trade by providing preferential trading among developing countries . The scope of GSTP has included complementary trade liberalization techniques as follow:

a) tariff reduction

b) removal or reduction of non-tariff and para-tariff barriers

c) direct trade measures as well as mid-term and long-term contracts

d) sectoral agreement

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