2019
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Japan
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United States
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China
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France
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Detailed explanation-1: -U.S. trade preference programs such as the Generalized System of Preferences (GSP) provide opportunities for many of the world’s poorest countries to use trade to grow their economies and climb out of poverty. GSP is the largest and oldest U.S. trade preference program.
Detailed explanation-2: -The following 15 countries grant GSP preferences: Armenia, Australia, Belarus, Canada, the European Union, Iceland, Japan, Kazakhstan, New Zealand, Norway, the Russian Federation, Switzerland, Turkey, United Kingdom and the United States of America.
Detailed explanation-3: -GSP is a scheme which allows products originating in certain developing countries preferential access to the markets of the European Union (EU). Preferential treatment is given in the form of reduced or zero rates of Customs Duties.