The four little dragons in Asia sighed from the early graduation of the four little dragons

Abstract

On January 30 this year, the U.S. government announced to accept the Economic Policy Committee's recommendation to cancel the Generalized System of Preferences (GSP) treatment for Hong Kong, Singapore, South Korea and Taiwan, effective from January next year. This will undoubtedly "graduate" the "Four Little Dragons" from developing countries and regions ahead of schedule, which will have a certain impact not only on the export trade of the "Four Little Dragons", but also on the economic and trade pattern of the Asia-Pacific region.