European Commission Releases Report on GSP
The European Commission released a Feb. 10 report on the European Union's Generalized Scheme of Preferences during 2018-2019, detailing how developing countries took advantage of trade benefits under the scheme, which countries the scheme helped the most and how the…
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scheme impacted trade. Developing countries’ exports to the EU under the special tariff treatments provided by the scheme reached a new high of about $73 billion in 2018, the commission said in a news release.