Trade Agreements
Global System of Trade Preferences among Developing Countries
Algeria
Argentina
Benin
Bolivia
Brazil
Cameroon
Chile
Colombia
Cuba
Ecuador
Egypt
Ghana
Guinea
Guyana
Iran
Iraq
Libya
Mexico
Morocco
Mozambique
Nicaragua
Nigeria
Peru
Sudan
Tanzania, United Republic Of
Trinidad And Tobago
Tunisia
Venezuela
ZimbabweArea of Cooperation
Global Dispute Settlement
Sign Date
January 1, 1988
In Force Date
January 1, 1989
Summary
The Global System of Trade Preferences arose out of the United Nations Group of 77. The Group first appeared interested in 1976 to develop a global system of trade for developing countries. Over years of negotiations, the agreement was signed by the participating members of the Group of 77. The members are currently looking to expand their economic ties to other developing countries in Asia, Latin America and Africa.
http://www.unctadxi.org/templates/Page____6207.aspx
| Scope |
i.
Global
(developing countries) |
| Rules of Origin |
i.
Minimum
value of content not less than 50% FOB value of the products produced or
obtained, for LDC not less than 40%
ii.
Accumulation
where aggregate contents originating in the members is not less than 60% FOB
value of the products produced or obtained |
| Contingency |
i.
Safeguards:
Article 13 stipulates rules for use of safeguards. Article 14 refers to balance
of payments measures. |
| News/Studies |
i.
“Examining
aspects of free trade pacts” http://www.business-standard.com/economy/storypage.php?leftnm=3&subLeft=3&chklogin=N&autono=299843&tab=r
ii.
“Developing
Countries and Unilateral Trade Preferences in the New International Trading
System” http://www.wto.org/english/tratop_e/devel_e/sem01_e/ongugl_e.doc. |
| Additional Links |