EU GSP changes affect countries enjoying higher economic growth

摘要

Updated EU rules governing import duties for products from developing countries entered into force on January 1, with a significant drop in the number of beneficiaries.The updated 'Generalised Scheme of Preferences' (GSP) will mean fewer beneficiaries than under the previous arrangement, while 'GSP+' status has been granted to ten vulnerable developing countries, including Pakistan. The Philippines and Ukraine are alsodeemed to be eligible if they meet specific criteria.The revision will grant preferential tariffs to 90 countries, down from the previous 177 - of which 67 will lose their GSP status, but will continue benefitting from other market access deals with the bloc.