Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-03-24-Speech-4-177-000"

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"en.20110324.22.4-177-000"2
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"The Generalised System of Preferences (GSP) is a trade mechanism which allows the EU to grant developing countries preferential, non-reciprocal access to its market through tariff reductions. While it is defined as a tool for development aid, this mechanism is not free of contradictions, especially between some of its stated purposes and the results that are actually obtained. In effect, many developing countries have become increasingly economically dependent and have been shaping their economies according to a model of reduced diversification, based on a limited set of products for export, instead of developing their internal markets. An international division of labour has become ingrained. This is unfavourable to these countries; it is often the large multinationals, some of them European, that reap the greatest benefits from this system. There needs to be a comprehensive review of this mechanism, along with a thorough discussion of its various aspects and complexities and their impact not only on developing countries, but also on the EU Member States, particularly the weakest. Given the Commission’s delay in submitting a new proposal for regulation, which means that it cannot enter into force immediately after the term of the existing regulation, there needs to be an extension of the existing… ( )"@en1
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