- The proposal aims to renew the Generalised Scheme of Preferences (GSP) for a further ten years, which provides trade preferences to developing countries through three arrangements: Standard GSP, GSP+, and EBA.
- The objectives are to maintain poverty eradication, support sustainable development and good governance, while improving the GSP’s efficiency and effectiveness.
- The proposed improvements include facilitating access to GSP+, adjusting product graduation thresholds, extending negative conditionality to environmental and good governance conventions, updating the list of international conventions, enhancing the preferences withdrawal process, and monitoring and implementing GSP+ commitments.
- The initiative is consistent with the Trade Policy Review and the establishment of the Chief Trade Enforcement Officer and the Single Entry Point.
Source
- Proposal for a REGULATION OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL on applying a generalised scheme of tariff preferences and repealing Regulation (EU) No 978/2012 of the European Parliament and of the Council
- Generalised Scheme of Preferences (GSP) – trade.ec.europa.eu
Latest Posts in "European Union"
- CEN Approves Revised EN 16931: A Milestone for ViDA Implementation
- Successful Implementation of VAT in the Digital Age (ViDA) Discussed with Commissioner Hoekstra
- General Court T-638/24 (D GmbH) – AG Opinion – VAT on Intra-Community Acquisitions Not Precluded by Errors
- Commission Backs Italy’s VAT Derogation on certain vehicles Through 2028
- Comments on GC T‑575/24 – AG – Contrary to EU law if services provided to members are regarded as internal acts
