"GENEVA, APRIL 18 (BY CHAKRAVARTHI RAGHAVAN)— Most of the individual schemes for preferential imports from developing countries under the generalised system of preferences have been improved since inception, but still only less than half of imports of products covered by OECD GSP schemes actually receive GSP treatment, according to the UN Conference an Trade and Development"

"1) OBJECTIVE
To lay down guidelines with a view to revising and modernising the principles of the generalised system of preferences (GSP) for the period 1995-2004 in order to promote the development of developing countries and countries in transition and to facilitate their integration into the global economy."