Generalized System of Preferences: 1995-1997 revision (industrial products)

This procedure concerns the update of the Generalized System of Preferences (GSP) for industrial products. The GSP allows the EU to apply lower import tariffs to goods from developing countries, helping them grow their economies by making their exports more competitive in the European market.

This affects exporters in developing countries and EU importers of industrial goods. The revision focuses on updating the rules of origin to determine which products qualify for these preferential tariff rates.