Generalised Scheme of Preferences (GSP) – Proposal to extend till 2027

• 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