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Consider the following statements regarding EU’s Generalised Scheme of Preferences Plus (GSP+).
  1. It gives developing countries a special incentive to pursue sustainable development and good governance.
  2. The EU cuts its import duties to zero on more than two thirds of the tariff lines of the exports from the developing countries.
Which of the above statements is/are correct?
  • a)
    1 only 
  • b)
    2 only 
  • c)
    Both 1 and 2 
  • d)
    Neither 1 nor 2
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
Consider the following statements regarding EU’s Generalised Sch...
(The European Commission’s website describes the EU’s Generalised Scheme of Preferences Plus (GSP+) as giving “developing countries a special incentive to pursue sustainable development and good governance”, in return for which “the EU cuts its import duties to zero on more than two thirds of the tariff lines of their exports”.)
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Consider the following statements regarding EU’s Generalised Scheme of Preferences Plus (GSP+). It gives developing countries a special incentive to pursue sustainable development and good governance. The EU cuts its import duties to zero on more than two thirds of the tariff lines of the exports from the developing countries.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?
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