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Generalised Scheme of Preferences (GSP)

As many importers from India will already be aware, since the start of 2017 the GSP Certificate – Form A has been in the process of being phased out and replaced.       

The Registered Exporter (REX) System is now in place in India which is a scheme of self-certification which is aimed to fully replace the requirement for a GSP certificate by 31.12.17.

For more information on this please read the below document (.PDF format):-

The EU has revised its GSP scheme and as from 1st January 2014 the number of countries which currently benefit from this will be reduced from 176 to just 89. The EU GSP grants trade preferences, such as zero rated or reduced tariffs, for developing countries exporting to the EU. Its reform is said to be aimed at adapting the system to be more generous to the countries with the greatest need.

For more info on this change, please take a look at the below document.