Press Release: Developing countries: Commission unveils system of trade preferences for next ten years – simple, transparent and objective

European Commission adopted a Communication on 7 July 2004 setting out the principles that will guide the EU system of trade preferences for developing countries (Generalised System of Preferences - GSP) for the next ten years. The GSP is a key instrument to help developing countries reduce poverty by generating revenue through international trade. The Commission proposes improving the current system in a number of areas: simplification (cutting back the five separate arrangements which exist at present); focusing the benefits on those developing countries most in need; fostering regional co-operation and strengthening the focus for additional GSP benefits on sustainable development.

http://trade-info.cec.eu.int/doclib/docs/2004/july/tradoc_117929.pdf http://trade-info.cec.eu.int/doclib/docs/2004/july/tradoc_117929.pdf

http://ec.europa.eu/comm/trade/issues/global/gsp/index_en.htm http://ec.europa.eu/comm/trade/issues/global/gsp/index_en.htm

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