Commission proposes new EU Generalised Scheme of Preferences to promote sustainable development in low-income countries
Today, the Commission has adopted the legislative proposal for the new EU’s Generalised Scheme of Preferences (GSP) for the period 2024-2034.
The EU will start applying preferential tariffs for products imported from Uzbekistan under this arrangement from 10 April 2021.
As of today, 12 August, some of Cambodia’s typical export products such as garments, footwear and travel goods are subject to the European Union’s customs duties.
Exports to the European Union from developing countries using special tariff preferences under the EU’s Generalised Scheme of Preferences (GSP) reached a new high of €69 billion in 2018.
Removal of customs duties will come with rigorous monitoring of Sri Lanka’s commitment to sustainable development, human rights and good governance.