REPORT FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT AND THE COUNCIL on the application of Regulation (EU) No 978/2012 applying a Scheme of Generalised Tariff Preferences and repealing Council Regulation (EC) No 732/2008
1. The European Commission has published the mid-term evaluation of the European Union’s (EU’s) Generalised Scheme of Preferences (GSP). The evaluation provides an assessment of the reforms of the current GSP regulation adopted in 2012, which entered into force on 1 January 2014.
2. The European Commission is required by the EU’s GSP Regulation to produce a report on the application of GSP (“the Report”) five years after its entry into force. The Commission’s Report to EU Member States and the European Parliament summarises the findings of the longer Staff Working Document by the Commission and an independent evaluation.
3. The EU’s GSP supports economic development in around 70 developing countries by allowing their products to enter the EU with reduced or removed import tariffs. There are three different types of trade preference arrangements – Standard GSP, GSP+ and Everything But Arms (EBA).
4. Products from least developed countries (LDCs) benefit from full duty-free access to the EU under the Everything But Arms (EBA) tier. 49 current and former LDCs currently benefit from EBA. ‘Standard GSP’ is granted to low income and lower middle income countries as classified by the World Bank, providing a mix of reduced and zero tariffs on two thirds of product lines.