Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-03-24-Speech-4-176-500"

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"en.20110324.22.4-176-500"2
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". ( ) In 1968 the United Nations Conference on Trade and Development (UNCTAD) recommended the creation of a Generalised System of Preferences (GSP) under which countries that were considered to be more developed would support developing countries by granting trade preferences. The European Community was the first to implement a GSP scheme in 1971. This has proved to be one of the key methods for cooperation at the level of international trade with developing countries, by reducing poverty. The current regulation needs to be updated as it is due to lapse and as it is not covered in the Treaty of Lisbon. It also requires substantial reform. Although this proposal does not yet constitute a new regulation, the drafting of which is necessary, I would like to express my agreement with the report under discussion, and I hope that the Commission will submit a new proposal as soon as possible, so that the EU can continue to support developing countries."@en1
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