Proposal for a COUNCIL DECISION amending Council Decision 2013/755/EU of 25 November 2013 on the association of the overseas countries and territories with the European Union ('Overseas Association Decision')
The proposal seeks to amend the European Union (EU) legislation that allows for the association of overseas countries and territories (OCTs) with the EU. The amendment is necessary to ensure the uniform application of the Registered Exporters (REX) system for origin certification.
REX is an EU registration system authorising exporters in the Generalised System of Preference (GSP) countries to issue a self-certificate (statement of origin) for eligible goods being imported under preference to the EU. REX features in the EU trade agreements with both Canada and Japan. GSP removes import duties from products coming into the EU market from vulnerable developing countries. This helps developing countries to alleviate poverty and create jobs based on international values and principles, including labour and human rights