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Generalised System Of Preferences (Gsp) Defined

A system of tariff preferences operated by developed countries. The EU’s scheme, introduced in 1971, was designed to foster the development of developing countries by granting them easier access to the EU market. Beneficiary countries granted GSP treatment were not required to contribute anything in return.

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Southern Africa: Neighbours Accuse SA of Acting Like 'Big Brother'

Published December 1, 2008, 2:26 am, AllAfrica.com

BITTERNESS is rising in the Southern African Customs Union (Sacu) over SA's perceived hardline approach to its poorer neighbours in the region.

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