GSTP Trade Agreement -

Name	GSTP
Members	Algeria – Argentina – Bangladesh – Benin – Bolivia – Brazil – Cameroon – Chile – Cuba – the Democratic People’s Republic of Korea – Ecuador – Egypt – Ghana – Guinea – Guyana – India – Indonesia – the Islamic Republic of Iran – Iraq – Libya – Malaysia – Mexico – Morocco – Mozambique – Myanmar – Nicaragua – Nigeria – Pakistan – Peru – Philippines – Republic of Korea – Singapore – Sri Lanka – Sudan – Thailand – Trinidad – Tobago – Tunisia, the United Republic of Tanzania – Venezuela – Viet Nam – Zimbabwe – Mercosur (South American trade bloc incl. Argentina – Brazil – Paraguay – Uruguay)
Type of agreement	Multilateral Free Trade Agreement
Date of signature	April 13, 1988
Current Status	On-going
Key points	1. Across-the-board, line-by-line, linear cut of at least 20% on dutiable tariff lines. 2. Product coverage to be at least 70% of dutiable tariff lines. 3. Product coverage shall be 60% for participants having more than 50% of their national tariff lines at zero duty level. 4. Tariff cuts shall be made on the MFN tariffs applicable on the date of importation. Alternatively, participants may choose to apply the cuts on the MFN tariffs applicable on the date of conclusion of the Third Round. For more details, kindly check the link in references.
Annexe	https://wits.worldbank.org/GPTAD/PDF/archive/GSTP.pdf

References

Knowledge Base