` White House Withdraws Russia from US Generalisatiion System of Preferences Trade Benefits Program ‘

#AceBreakingNews – WHITE HOUSE – May 06 – The White House has withdrawn Russia from the US Generalized System of Preferences (GPS) trade benefits program, its press-office said in a statement.

GPS is a program designed to promote economic growth in the developing countries by providing preferential duty-free entry for up to 5,000 products when imported from one of 123 designated beneficiary countries and territories.

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