EXTERNAL ACTION / Trade

Tariff preferences granted to developing countries continue to fulfil their role to a large extent

Brussels, 10/02/2020 (Agence Europe)

The European Union’s Generalised Scheme of Preferences (GSP), which abolishes tariffs on imports from 71 developing countries, has achieved new records. These preferences have been used to the tune of €69 billion in exports in 2018, according to the joint biennial report by the European Commission and the EU’s External Action Service (EEAS), published on Monday 10 February.

“Through the EU’s GSP, we are supporting developing countries to grow and advance in a sustainable way, not...