Position paper - The reform of the EU’s Generalised Scheme of Preferences

The EU’s Generalised Scheme of Preferences (GSP) is a system that removes import duties from products coming into the EU market from developing countries. The GSP aims to help those countries alleviate poverty, create jobs based on international values and principles and contribute to the competitiveness of their products. It has a positive effect on their economic development through employment, sustainable development and general wealth creation. This paper outlines our position on the product scope and rules of origin, trade and sustainable development as well as the withdrawal of preferences. AmCham EU welcomes the proposed changes to the EU’s GSP and lauds it as an open, rules-based and purpose-driven scheme.