Disclosed are a method for transmitting and receiving a radio signal in a wireless communication system and an apparatus therefor. Particularly, a method for performing, by a terminal, channel state information (CSI) reporting in a wireless communication system comprises the steps of: receiving, from a base station, bandwidth part (BWP) configuration information on a BWP for uplink and/or downlink transmission; receiving, from the base station, reporting configuration information including a reporting configuration for the CSI reporting; and performing the CSI reporting on the basis of the BWP configuration information and the reporting configuration information, wherein the reporting configuration is associated with the BWP, and whether or not the reporting configuration is activated may be determined on the basis of whether or not the BWP is activated.