Barack Obama actually said...

I have determined that it is appropriate to terminate Turks and Caicos Islands' designation as a beneficiary developing country under the GSP program, because it has become a high income country as defined by the World Bank.

Context

Message to the Congress Suspending Generalized System of Preferences Benefits to Gibraltar and the Turks and Caicos Islands

06/28/2012

https://www.presidency.ucsb.edu...

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