From 1 January 2015 the Philippines joins the list of GSP Plus countries benefitting from enhanced customs duty reductions.
Ecuador loses its benefit under GSP as it is now classed as a middle income country by the World Bank. However, it is negotiating its inclusion in a regional Free Trade Agreement with Peru, Columbia and the EU. As a result the EU has granted Ecuador temporary preferential status to avoid trade disruption while the new agreement is put in place.
GSP Plus countries from 1 January 2015 are:
Armenia, Bolivia, Cape Verde, Costa Rica, El Salvador, Georgia, Guatemala, Mongolia, Pakistan, Panama, Paraguay, Peru and Philippines.
Please note that in order to benefit from savings under GSP and other Free Trade Agreements the following conditions must be met:
- Goods must originate in the partner country in accordance with the rules set out in the agreement (which vary by tariff code);
- The goods must be transported directly from the partner country to the EU or remain under customs control if not transported directly;
- The appropriate documentary proof or origin must be provided.
CIP 2(15) Paper provides more detail on these amendments.