OUTSOURCING COUNTRIES KEEN TO USE OR IMPROVE ON EU GSP+ TRADE ACCESS STATUS
February 1st, 2016
SPECIAL trade access to developed countries is always a boon to emerging market suppliers, and the European Union’s (EU) GSP+ system is especially sought after, and – noted a recent European Commission report - widely utilised.
GSP+ suspends EU duties on 66% of EU tariff lines, while for standard GSP, these same duties are merely reduced. Textiles and clothing are among those products affected. To secure GSP+ countries must demonstrate compliance with 27 international conventions covering human and labour rights, environmental protection, and good ...
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