- Generalised System of Preferences (GSP)
EENI - Business School.
Sub-subject: the European Union Generalised System of Preferences (GSP). Syllabus:
- Introduction to the EU Generalised System of Preferences (GSP)
- New GSP preferences (2014-2024)
- Revised EU trade scheme to help developing countries
- Beneficiaries countries under the current GSP
- Products enjoying preferences in the reformed Generalised System of Preferences
- Practical guide to the new GSP trade regimes for developing
- The three EU import regimes
- The European Union: Foreign Trade with GSP countries
- GSP+ scheme
- Background of the GSP+
- Everything But Arms arrangement (EBA)
- Duty free, quota-free treatment for all least-developed countries
- GSP rules of origin.
- Tolerance or De Minimis
- Types of cumulation (Bilateral/Regional/Extended)
Sample of the Sub-subject: The European Union (EU) Generalised System of Preferences
Sub-Subject Description: The European Union (EU) Generalised System of Preferences (GSP):
Since 1971, the European Union schemes like the Generalised System of Preferences (GSP) have allowed developing countries to pay lower import tariffs.
Imports that received Generalised System of Preferences were Euros 60 billion (4% of the total European Union imports and 9% of the total European Union imports from
Under the revised scheme of the GSP (Generalised System of Preferences), imports that will receive Generalised System of Preferences are estimated at EUR 37.7 billion.
The actual Generalised System of Preferences scheme covers three factors:
- The General Generalised System of Preferences arrangement (import tariff reductions)
- 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 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 Least-Developed Countries (as defined by the United Nations).
In 2001, the Council adopted the Regulation “Everything But Arms,” granting duty free access to imports of all the products from Least-Developed Countries, except arms and ammunitions.
Total GSP (Generalised System of Preferences) beneficiaries countries: 88 (177 in the previous scheme).
Least-Developed Countries benefiting from “Everything But Arms”
arrangement (40 countries):
- Africa (34 countries): Angola, Burkina Faso, Burundi, Benin, Chad, the Democratic Republic of the Congo, the Central African Republic, Djibouti, Eritrea, Ethiopia, the Gambia, Guinea, Equatorial Guinea, Guinea-Bissau, the Comoros, Liberia, Lesotho, Madagascar, Mali, Mauritania, Malawi, Mozambique, Niger, Rwanda, São Tomé and Príncipe, Sudan, South Sudan, Sierra Leone, Senegal, Somalia, Togo, Tanzania, Uganda, Zambia, Kenya, and Cape Verde. (International Relations of Africa)
- Asia-Pacific (9): Afghanistan, Bangladesh, Bhutan, Cambodia, Laos, Myanmar, Nepal, Timor-Leste, Yemen, Kiribati, Samoa, Solomon Islands, Tuvalu, and Vanuatu
- The Caribbean: Haiti.
GSP+ beneficiaries (13): Armenia, Bolivia, Cape Verde, Costa Rica, Ecuador, El Salvador, Georgia, Guatemala, Mongolia, Pakistan, Panama, Paraguay, and Peru.
GSP Beneficiaries until 31 December 2015:
Colombia, Costa Rica, Guatemala, Ecuador, El Salvador, Honduras, Nicaragua, Panama, Peru, China, Ecuador, Maldives, Turkmenistan, and Thailand.
Countries that are no longer on the GSP beneficiary
list (current scheme).
- All the European Union members, the United States, Australia, and New Zealand are not beneficiaries.
- Mediterranean Partnership (EUROMED): Algeria, Egypt, Jordan, Lebanon, Morocco, and Tunisia
- CARIFORUM members
- Latin America: Argentina, Brazil, Cuba, Mexico, Uruguay, and Venezuela
- Russia, Azerbaijan, Belarus, and Kazakhstan
- Africa: Gabon, Libya, Mauritius, Seychelles, South
Africa, and Zimbabwe
- The Middle East: Saudi Arabia, Kuwait, Bahrain, Qatar, the United Arab Emirates (UAE), and Oman
- Asia: Brunei Darussalam, Iran, Macao, Maldives, Malaysia, and Papua New Guinea
The Generalised System of Preferences belongs to the European Economic Area of the Western civilisation.