Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-06-13-Speech-3-261-906"

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"In order to allow the poorest countries to participate in global trade, the European Union has applied a scheme of generalised tariff preferences (GSP) since 1971. This mechanism allows products from less developed countries to enter the European market at lower prices by exempting them completely or partially from customs duties. However, the global economy has changed a great deal in the past 40 years. Some emerging countries that previously benefited from the GSP, such as Brazil, China and Russia, no longer face the same problems in terms of participating in trade. The new mechanism will concentrate on the countries that are most in need, so it is a step in the right direction. A second major advance is the establishment of an incentive arrangement known as ‘GSP+’. It will benefit the countries that work to ensure sustainable development and promote human rights."@en1

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