Generalised System of Tariff Preferences (GSP)

This procedure concerns the Generalized System of Preferences (GSP), a trade policy tool that grants developing countries preferential access to EU markets. It aims to support their economic growth and poverty reduction efforts by reducing tariffs on their exports.

The GSP benefits developing countries by making their products more competitive in the EU. It also promotes sustainable development and good governance through specific criteria that beneficiaries must meet.