GSP+
What is GSP+?
The special incentive arrangement for Sustainable Development and Good Governance GSP+ grants full removal of tariffs on over 66% of EU tariff lines
The GSP+ is a component of the EU Generalised Scheme of Preferences (‘GSP’) for developing countries. It offers additional trade incentives to developing countries already benefitting from GSP to implement core international conventions on human and labour rights, sustainable development and good governance.
GSP+ is a scheme that rewards developing countries that shows a credible commitment to implementing those conventions by granting duty reductions on exports to the EU on some 6,000 tariff lines (66% of the EU common customs tariff).
Conditions
To be eligible for GSP+, the country must lodge an application and fulfill the Standard GSP conditions and the following two additional criteria:
Vulnerability criteria
In order to qualify for GSP+, a beneficiary country has to fulfil the vulnerability criteria. This consists of the import share criterion and the diversification criterion.
The import share is the three-year average share of GSP-covered imports of the specific beneficiary country, relative to the GSP-covered imports of all GSP countries. This average has to be lower than 6.5% in order to qualify for GSP+.
A country fulfils the diversification criterion if the seven largest sections of the GSP-covered imports represent 75% of total GSP imports by that country over a three-year period.
Sustainable development criteria
The country must have ratified the 27 GSP+ relevant international conventions on human- and labour rights, environmental protection and good governance.
The applicant must not have formulated reservations which are prohibited by these conventions.
The most recent conclusions of the monitoring bodies under those conventions must not identify any serious failure to effectively implement them.
If the applicant meets all criteria, it is added to the list of GSP+ countries through a delegated act.
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