The Generalized System of Preferences (GSP) was established to promote the exports of developing countries to developed countries in order to support their economic growth and development. The European Community (EC) was the first to implement their GSP program in 1971, and Japan and the U.S. introduced their GSP programs in 1971 and 1976, respectively.
The GSP focused exclusively on creating incentives for access to larger markets of developed countries. In fact, Korea was one of the beneficiaries of the GSP. In the 1980s, Korea had graduated from the trade preference programs due to its remarkable progress in terms of economic development and improvements in trade competitiveness. Considering Korea’s achievements, including Korea becoming the chair and host of the G-20 summit, and also became the first country in the world that emerged from the status of aid beneficiary to become a donor, it is the right time for Korea to consider the introduction of a GSP scheme.
The purpose of this study is to discuss the strategic approaches for the introduction of the GSP scheme into Korea. In doing so, existing GSP programs of major developed countries and Korea’s relations with developing countries are explored. Also, the economic effects of the introduction of the GSP on Korea and other developing countries are analyzed.
Firstly, Chapter II reviews and compares the GSP programs of the major industrialized countries such as the U.S., Canada, EU, and Japan. Notice that the GSP program should be unconditional and create no discrimination between developing countries. However, it turns out that existing GSP programs become more complex in terms of country- eligibility and product-eligibility requirements, graduation rules, rules of origin, and so on. That means the effects of GSP are actually debatable. Nonetheless, it appears that the GSP scheme influences the export performance of developing countries in a significant and positive way, facilitating development and poverty reduction. In this sense, there is an increasing need to maintain and extend preferential market access through the GSP to developing countries. (The rest is omitted.)
- 한국의 일반특혜관세제도(GSP) 도입 추진 방향(The study on introduction of Korea’s GSP scheme)
- Cho, Mee Jin; Kim, Young Gui; Park, Ji Hyun; Kang, Junha조미진; 김영귀; 박지현; 강준하
- 대외경제정책연구원(Korea Institute for International Economy Policy)
한국의 일반특혜관세제도(GSP) 도입 추진 방향(The study on introduction of Korea’s GSP scheme)
서울(Seoul) : 대외경제정책연구원(Korea Institute for International Economy Policy)
|Series Title; No||연구보고서(Policy Analysis) / 11-11|
|Subject||Economy < Trade
Official Aid < Production
|Holding||대외경제정책연구원(Korea Institute for International Econom|