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The EBA is part of the EU Generalized System of Preferences (GSP). [1] The up-to-date list of all countries benefiting from such preferential treatment is given in Annex IV of the consolidated text of Regulation (EU) 978/2012. [2] The aim of the scheme is to encourage the development of the world's poorest countries.
Georgia has bilateral free trade agreements with the following countries and blocs: [25] Armenia; Azerbaijan; China; EFTA (Iceland, Lichtenstein, Norway, Switzerland) EU; Russia; Turkey; Turkmenistan; Ukraine; United Arab Emirates; Uzbekistan; United States: Georgia is a beneficiary country of the U.S. Generalized System of Preferences (GSP ...
The Generalized System of Preferences, or GSP, is a preferential tariff system which provides tariff reduction on various products. The concept of GSP is very different from the concept of "most favored nation" (MFN). MFN status provides equal treatment in the case of tariff being imposed by a nation but in case of GSP differential tariff could ...
African Growth and Opportunity Act; Other short titles: United States-Caribbean Basin Trade Partnership Act: Long title: An Act to authorize a new trade and investment policy for sub-Saharan Africa, expand trade benefits to the countries in the Caribbean Basin, renew the generalized system of preferences, and reauthorize the trade adjustment assistance programs.
The dominant customary international law standard of statehood is the declarative theory of statehood, which was codified by the Montevideo Convention of 1933. The Convention defines the state as a person of international law if it "possess[es] the following qualifications: (a) a permanent population; (b) a defined territory; (c) government; and (d) a capacity to enter into relations with the ...
The Agreement was initiated by UNCTAD to promote trade among developing countries, thereby fostering economic growth and South-South cooperation and has its roots in the Group of 77, a coalition of 134 developing countries created in 1964 to increase their negotiating leverage and promote their economic interests.
Therefore, those countries are granted a more favourable treatment than other OACPS member countries. The text of the Cotonou agreement has been updated in 2005 and 2010, but the lists have not, despite the fact that the actual list of LDCs as defined by the United Nations has changed: Cape Verde has graduated from LDC status in December 2007 ...
Overall, in the calendar year 2024, the United States' Nominal GDP at Current Prices totaled at $29.017 trillion, as compared to $25.744 trillion in 2022. The three U.S. states with the highest GDPs were California ($4.080 trillion), Texas ($2.695 trillion), and New York ($2.284 trillion).