Local view for "http://purl.org/linkedpolitics/eu/plenary/2005-03-09-Speech-3-120"
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"en.20050309.12.3-120"2
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"The generalised system of preferences for customs duties is over 30 years old. The idea upon which it is based goes back even further, to the UNCTAD of 1963, which introduced the idea of compensatory differences, or what would today be called ‘positive discrimination in the field of customs duties’. It would appear that poor countries, such as Peru or Colombia, have benefited from being able to send us their asparagus or prawns without having to pay customs duties, even if some trade deflection has come about due to a lack of clarity over the rules of origin.
When looked at more closely, the GSP has something in common with the entire GATT and WTO system; it owes its existence to a redundant theory, namely that customs duties should be reduced with the aim of ultimately abolishing them. A more innovative idea would be to introduce a system for deducting customs duties. The exporter would be granted a customs credit in the importing country equivalent to the customs duties that had been imposed and that would be deductible on purchases made in the importing country. Funding for these customs credits could be raised on a forward stock market. The problem of economic and social inequality would be resolved, and a balance would be achieved in global trade."@en1
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