A new shape of the generalised system of preferences of the European Union Cover Image

Nowy kształt powszechnego systemu preferencji celnych Unii Europejskiej
A new shape of the generalised system of preferences of the European Union

Author(s): Grzegorz Mazur
Subject(s): Economy
Published by: Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu
Keywords: Generalized System of Preferences (GSP); European Union; developing countries; least developed countries

Summary/Abstract: The Generalized System of Preferences (GSP) of the European Union is one of the oldest and biggest systems of trade preferences, regulating trade rules between developed (EU) and developing countries. In October 2012 the Council of the European Union and European Parliament adopted the regulation applying a scheme of generalized tariff preferences of the European Union after the 1 of January 2014. The new scheme introduced many modifications to the system, which include primarily: a significant reduction of countries that can be beneficiaries of the new system, new graduation rules as well as higher flexibility in classifying countries as ”vulnerable” and granting status of the GSP+ beneficiary. New regulations provide also a continuation of the EBA initiative addressed to the least developed countries. New proposals should strengthen the attractiveness of the system, reducing the preference erosion and enabling the least developed countries to utilize grants within the GSP preferences.

  • Issue Year: 2013
  • Issue No: 315 vol 1
  • Page Range: 555-565
  • Page Count: 11
  • Language: Polish