DG Trade proposes new GSP scheme

EU DG Trade proposed a new EU GSP scheme on Septembre 22, 2021. The European Parliament and the Council will discuss the proposal. The current GSP+ scheme expires on December 31, 2023. Once adopted, the new GSP Regulation will apply from 1 January 2024. New aspects are the inclusion of climate relevant conventions such as the Paris agreement and a new GSP withdrawal procedure which allows a socio-economic impact assessment to identify vulnerable groups that could suffer from a withdrawal and the possibility of faster procedure in case of grave violations of the binding conventions included in the scheme.

Find the GSP Fact Sheet here.

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