UPSC PRELIMS_ POWER PLAY- Economy Series (GSP, WLB's)

GSP

GSP is a preferential tariff system extended by developed countries to developing countries. It is a preferential arrangement in the sense that it allows concessional low/zero tariff imports from developing countries. It was formulated under the UN Conference on Trade and Development (UNCTAD).

As per the WTO, India is a beneficiary of GSP provided by Armenia, Australia, European Union, Japan, Kazakhstan, New Zealand, Norway, Russian Federation, Switzerland and Turkey.

Women’s Livelihood Bonds (WLBs),

The World Bank, UN Women, and SIDBI have collaborated to launch the social impact bonds exclusively for women, called Women’s Livelihood Bonds (WLBs), with an initial corpus of Rs 300 crore.

The proposed bond will enable individual women entrepreneurs in sectors like food processing, agriculture, services and small units.

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