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Economy / Trinidad & Tobago

No More Preferential Treatment

July 2008 | Risk Summary

The United States has removed Trinidad and Tobago from its list of countries eligible for the Generalised System of Preferences (GSP), which provides preferential treatment to developing countries by more favourable duty-free arrangements for over 4,650 types of goods. The country will cease to receive preferential treatment by 2010. Prime Minister Patrick Manning has hailed the move by the US as a 'graduation' for his country under the World Bank.

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