Towards a new EU GSP Regulation

Since 1971, the EU Generalised Scheme of Preferences (GSP) has offered easier access to the EU market for goods exported from developing countries by eliminating or reducing import tariffs unilaterally (i.e. on a non-reciprocal basis). The current legal basis for the GSP, Council Regulation (EU) No 978/2012 of 25 October 2012, will expire at the end of 2023. If no new GSP Regulation is enacted, the Standard GSP and the GSP+ will be discontinued, and imports from the current beneficiary countries would attract the “normal” EU tariffs; only the EBA would continue to be applied. For the European Commission's DG TRADE, we provided an assessment of various policy options considered for certain elements of the GSP; The final report is now public. More information is available on the study website.