Press Release: The EU publishes revised preferential import scheme for developing countries

The EU has issued its revised import preference scheme - known as the Generalised Scheme of Preferences (GSP) - for developing countries most in need which will take effect from 1 January 2014.

Following agreement with the Council and European Parliament, the publication contains the specific tariff preferences granted under the GSP in the form of reduced or zero tariff rates and the final criteria for which developing countries will benefit. The new scheme will be focused on fewer beneficiaries (89 countries) to ensure more impact on countries most in need.

European Commission: Memo/12/820: More benefits from preferential trade tariffs for countries most in need: Reform of the EU Generalised Scheme of Preferences http://europa.eu/rapid/press-release_MEMO-12-820_en.htm

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