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Consultation Session: Generalised Scheme of Tariff Preferences
16 March 2012
MEUSAC will be organising an information session on its recent proposal on a Generalised Scheme of Tariff Preferences (COM (2011) 241). Tuesday 27, March 2012 | Time: 10.00 – 12.00 | Venue: MEUSAC, 280, Republic Street, Valletta
The Generalised Scheme of Tariff Preferences is an international trade tool through which the European Union (EU) has been granting tariff preferences to developing countries since 1971. The aim of this tool is to assist developing countries in generating or boosting their export revenue by providing them preferential access to the EU market through reduced or zero tariffs. The proposal suggests the removal from the general arrangement of all eligible developing countries which have been classified by the World Bank as high-income or upper-middle income during three consecutive years. This measure, together with the exclusion of those countries which negotiated a preferential market access arrangement with the EU and the deduction of 33 overseas countries/territories, could lead to a reduction of the existing list of beneficiary countries from 176 to 87.
The session will be conducted in Maltese.
