EU looks to reduce the number of developing countries that receive trade preferences
The European Commission has launched a proposal for reforming the system of trade agreements known as the Generalised System of Preferences (GSP). Expected to come into force from 2014, the review would see the number of beneficiary countries of this scheme reduced from 176 to around 80. “We want to adapt the current rules to the changing global landscape”, declared Commissioner for Trade Karel De Gucht at a press conference on 10 May.
Read the entire article in the Eurostep Weekly Newsletter
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