GSP+
Also called: special incentive arrangement
An enhanced EU GSP arrangement granting zero duty on most tariff lines to vulnerable developing countries that ratify and implement international conventions on human and labour rights, environment and good governance. Beneficiaries are monitored and can lose the status if commitments are not respected.
In practice
Sourcing from GSP+ countries such as Pakistan or the Philippines can make goods duty free in the EU, subject to the usual origin proof.
Applies to: EU
Related terms
- GSP
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- Everything But Arms
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