EU Generalised Scheme of Preferences

Country / jurisdiction: Kiribati · Year: 1971 · Status: In force · Level: International · Type: Voluntary

The EU Generalised Scheme of Preferences (GSP) was first introduced in 1971 and most recently renewed for the period of 2024 to 2034.

It provides non-reciprocal tariff preferences for developing countries imports into the EU, based on their level of development and contingent on implementation of core human rights, labour, governance, and other sustainable development conventions. Imports from Least Developed Countries are exempted from border tariffs.

The GSP covers most industrial and energy sector products, including :

Iron and steel articles

Aluminium (o/than alloy), unwrought;

Nuclear reactors, boilers and machinery

Automobiles, motor vehicles, parts and accessories

Lithium primary cells and primary batteries;

Primary cells and primary batteries;

Parts of primary cells and primary batteries;

Other electrical machines and equipment including semiconductors, transistors

Refrigerators, household absorption-type, electrical;

In line with Regulation(EEC) No 2454/93, a good may benefit from preferential tariff treatment if it the value of the non-originating materials it incorporates is below 15% of its ex-works price.

Official source: https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32012R0978#ntr6-L_2012303EN.01000101-E0006