Revision of the Generalised Scheme of Preferences: the European Parliament trade committee votes in favour of GSP

The INTA Committee of the European Parliament voted on 27 January to endorse the Provisional agreement resulting from interinstitutional negotiations on the Proposal for a regulation of the European Parliament and of the Council on applying a generalised scheme of tariff preferences and repealing Regulation (EU) No 978/2012 of the European Parliament and of the Council. Should it be endorsed, it will be voted in by the European Parliament in a future plenary sitting, presently tabled for 27/04/2026.

The provisional agreement would also need to be endorsed by the Council, before being formally adopted.

The legislation will apply from 1 January 2027.

Under the GSP scheme many least developed and developing countries (LDCs) are able to export most goods at zero duty to the EU, including agricultural goods.

Countries benefiting from GSP+ status are

1. Bolivia
2. Cape Verde
3. Kyrgyzstan
4. Mongolia
5. Pakistan
6. Philippines (currently negotiating a trade agreement with the European Union)
7. Sri Lanka
8. Uzbekistan

More information: https://gsphub.eu/about-gsp/gsp-review

Contact: Lebo Mofolo, lmofolo@frucom.eu