Customs Flash (05/08/2013)
New Generalised Scheme of Preferences (GSP) to be applicable in the EU as from 2014
The revised import preference scheme, known as the Generalised Scheme of Preferences (GSP) will become effective on 1 January 2014 (Regulation (EU) No 978/2012 of the European Parliament and of the Council of 25 October 2012).
The GSP provides unilateral trade preferences to imports from developing countries. It was first adopted in the EU during the 1970s with the aim to promote developing countries’ economies by granting reduced import tariffs to their exports.
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