- Generalized System of Preferences (GSP)
EENI - Business School.
Sub-subject: the European Union Generalized System of Preferences (GSP). Syllabus:
- Introduction to the EU Generalized 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 Generalized System
- 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) Generalized System of Preferences
Sub-Subject Description - The European Union (EU) Generalized 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.
Imports that received Generalized 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 (General System of Preferences), imports that will receive
Generalized System of Preferences
are estimated at EUR 37.7 billion.
The actual Generalized System of Preferences scheme covers three factors:
- The General Generalized 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 labor 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 (Generalized System of Preferences) beneficiaries countries: 88 (177 in the previous scheme).
Least-Developed Countries benefitting 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,
- 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,
- 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),
- Asia: Brunei Darussalam, Iran, Macao, Maldives, Malaysia, and Papua New Guinea
Generalized System of Preferences belongs to the European Economic Area of the Western civilization.