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Course summary European Union Generalised System of Preferences (GSP):
Since 1971, the European Union
schemes like the Generalized System of Preferences (GSP) have allowed
developing countries to pay lower import tariffs.
In 2009, imports that received Generalized System of Preferences (GSP) preferences were EUR60 billion
(4% of total European Union imports and 9% of the total European Union imports from
developing countries).
Under the revised scheme of the GSP (General System of Preferences), imports that will receive
Generalized System of Preferences (GSP)
preferences are estimated at EUR37.7 billion.
The actual Generalized System of Preferences (GSP) scheme covers 3 factors:
- the general Generalized System of Preferences (GSP) arrangement (import tariff reductions
for 176 developing economies)
- the special incentive arrangement for sustainable development and good
governance (GSP+). GSP+ offers additional preferences to support
vulnerable developing countries in their ratification and implementation of
international conventions in the field of human and labour rights, sustainable
development and good economic governance. The actual GSP+
scheme covers 15 beneficiaries.
- the Everything But Arms arrangement which provides for complete access
(duty-free and quota-free) to the European Union market save for arms and armaments for the 49 Least-Developed Countries
(as defined by the United
Nations).
In 2001, the Council adopted Regulation (EC) 416/2001:
"EBA Regulation" ("Everything But Arms"), granting duty-free access to
imports of all products from Least-Developed Countries, except arms and
ammunitions
Least-Developed Countries (LDCs) benefitting from EBA (Everything But Arms)
arrangement:
- Asia Pacific: Afghanistan,
Bangladesh,
Bhutan, Cambodia,
Kiribati, Lao, Maldives, Nepal, Solomon Islands, Samoa, Timor-Leste, Tuvalu, Vanuatu,
Yemen
- Africa: Angola, Chad,
Democratic Republic of Congo, Comoros Islands, Niger, Djibouti, Lesotho, Rwanda,
Benin, Equatorial Guinea, Liberia, Eritrea, Madagascar, São Tomé and Príncipe,
Togo, Burkina Faso, Ethiopia, Malawi, Senegal, Burundi, Gambia, Mali, Sierra
Leone, Uganda,
Kenya, Guinea, Mauritania, Somalia, Cape Verde, Guinea-Bissau,
Mozambique, Sudan, Central African Republic, Haiti,
Tanzania, Zambia.
Example of the course European Union Generalised System of Preferences (GSP):
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