Summary
An evaluation of the EU's trade preference scheme for developing countries, highlighting its success in boosting exports and promoting international standards while noting challenges in economic diversification. 10 14.03.2019
Other
trade
economy
government
environment
human rights
social policy
public administration
administrative reform
international relations
business and competition
Key points
- The GSP scheme has successfully increased export values for EBA and GSP+ beneficiaries, contributing to poverty reduction.
- A significant portion of GSP imports consists of textiles, which can lead to unintended environmental degradation.
- The scheme encourages developing nations to ratify international conventions on human rights and labor standards.
- The current regulation has been in force since early 2014 and requires a review to shape the next iteration by 2022.
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