The Structure of South-South Trade Preferences in the 1988 GSTP Agreement: Learning to say MFMFN
In April of 1988, in Belgrade, the G-77 concluded the first stage of a long-term plan for SST preferences called the Global System of Trade Preferences, or GSTP.1 Forty-six governments signed a trade agreement under which they exchanged preferential tariff concessions on over 1 300 tariff items. The trade impact of the concessions themselves is expected to be quite modest. The structural provisions of the GSTP Agreement, however, have a considerably greater significance.
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