GSP
Also called: Generalised Scheme of Preferences · Genelleştirilmiş Tercihler Sistemi
A unilateral scheme under which developed countries grant reduced or zero duties to imports from developing countries. The EU GSP has a standard arrangement, GSP+ and Everything But Arms; the current EU regulation has been extended to the end of 2027 pending a new framework. The US GSP programme expired in 2020 and has not been renewed. Türkiye applies its own GSP aligned with the EU.
In practice
GSP origin is usually proven through REX statements, and graduation can remove the benefit for specific product sections from one country.
EU
Türkiye
USARelated terms
- GSP+
- An enhanced EU GSP arrangement granting zero duty on most tariff lines to vulnerable developing countries that ratify and implement international…
- Everything But Arms
- The EU GSP arrangement for least developed countries, giving duty-free and quota-free access for all products except arms and ammunition. Countries…
- REX
- An EU electronic register of exporters allowed to make statements on origin. It is mandatory for exporters in GSP beneficiary countries and is used…
- DCTS
- The UK's unilateral preference scheme for developing countries, which replaced the UK version of GSP on 19 June 2023. It has comprehensive, enhanced…
- Preferential origin
- Origin status under the rules of a specific free trade agreement or unilateral preference scheme that entitles goods to a reduced or zero duty. It is…