Message to the Congress on Amendments to the Generalized System of Preferences
the Congress of the
am writing concerning the Generalized System of Preferences (GSP) and
I am hereby providing notice of my intent to remove Hong Kong, the Republic of Korea, Singapore, and Taiwan from their status as beneficiaries of the GSP program as of January 2, 1989, under Section 504(a)(1) of the Act (19 U.S.C. 2464(a)(1)). All four have achieved an impressive level of economic development and competitiveness, which can be sustained without the preferences provided by the program. Graduating these economies may also enable other less developed countries to benefit more fully from the GSP program.
The White House,