Already at the end of last year, EU member states granted the revised Generalised Scheme of Preferences (GSP) regulation. The European Council had issued a negotiating mandate to this effect.

What changes?

In its main features, the previous system remains in place. However, there are some adjustments, among with regard to environmental protection and the monitoring of the scheme.

Beneficiary countries are to be held more accountable for violations of environmental regulations and human rights abuses.

At the same time, they are to be given easier access to the GSP+ scheme, with the reporting period extended from two to three years. The aim is also to respond more quickly to serious violations.

What is the goal of the GSP?

The Generalised Scheme of Preferences grants needy countries tariff advantages when importing goods into the EU. In general, the GSP aims to address poverty in developing countries and support sustainable development.

In January 2024, the new regulation is expected to come into force. Triolog negotiations of the EU institution on the topic are still to come.

Sources: dihk.de, European Council