The EU has launched the public consultation phase in the process of review of is Generalised System of Preferences. The process is open until 3 June 2020. The target audience is: a) The business sector in the EU and in non-EU countries, including business associations and employers’ organisations, companies, SMEs, national and European chambers of commerce – including sector based organisations; b) NGOs (including environmental NGOs), profit and non-profit organisations, trade unions; consumer organisations; c) Governmental agencies, ministries, regional authorities and international organisations; d) Think-tanks, universities, research institutes, consultancies, academia, law firms, which have an interest in the possible review of the legal framework governing the EU GSP; e) Citizens.
From the European Commission: “The EU’s Generalised Scheme of Preferences grants unilateral tariff preferences to developing countries as a means of supporting their economic and social development, as well as promoting human rights, employment standards, sustainable development and good governance practices. The preferential tariff scheme allows developing countries to pay fewer or no duties on exports to the EU. The Regulation governing the scheme expires on 31 December 2023. This initiative launches the preparatory work needed to allow the next Commission to decide on the future of the scheme.”
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