Fabian Demicoli

Fine-tuning of Generalised System of Preferences

The EU has made recent progress in fine-tuning its
Generalised System of Preferences (GSP), an incentive scheme lowering tariff to
encourage more imports from poorer developing countries. Whilst EuroCommerce
has been informed that recent accidents in Bangladesh will not endanger their
preferential status in 2013, this may change in 2014 should the country fail to
demonstrate sufficient progress in protecting its workers.

Decisions will be
made at an upcoming international labour conference as to the medium-term
preferential status of countries under attack for alleged serious violations of
labour obligations (Uzbekistan, Honduras, Guatemala, Kenya, and Zimbabwe).
Other news on the GSP is that several countries may lose their GSP status from
2015, now being ranked as high- and middle-income countries (China, Thailand,
Ecuador and the Maldives). Good news, however, for all members importing from
Bolivia, Ecuador, Costa Rica, Paraguay, Armenia, Georgia, Mongolia, Cape Verde,
Pakistan and Peru – these countries are set to be approved by the Commission
for GSP plus preferences (particularly low EU import tariffs rewarding
sustainable development).

 

What we can do for you

INFORMATION POINT

BUSINESS SERVICES

MEMBERSHIP BENEFITS

LOCAL ISSUES & LEGISLATION

B2B NETWORKING EVENTS

LEGAL ADVICE

FUNDING ASSISTANCE

COURSES

BECOME A MEMBER

The Malta Chamber of SMEs represents over 7,000 members from over 90 different sectors which in their majority are either small or medium sized companies, and such issues like the one we're experiencing right now, it's important to be united. Malta Chamber of SMEs offers a number of different services tailored to its members' individual requirements' and necessities. These range from general services offered to all members to more individual & bespoke services catered for specific requirements.

A membership with Malta Chamber of SMEs will guarantee that you are constantly updated and informed with different opportunities which will directly benefit your business and help you grow. It also entails you to a number of services which in their majority are free of charge and offered exclusively to its members (in their majority all free of charge).