Origin

What is Preferential Origin?

The European Union has concluded trade arrangements with certain non - EU countries which allow exports from the EU to enter the markets of these countries at a reduced or nil rate of duty while imports from these countries may enter the EU at reduced or nil rates of duty. These arrangements are known as Preferential Trade Agreements and the duties involved are referred to as preferential rates of duty.

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What is GSP?

The Generalised System of Preferences (known as GSP for short) is a scheme whereby a wide range of industrial and agricultural products originating in certain developing countries are given preferential access to the markets of the European Union.

Preferential treatment is given in the form of reduced or zero rates of customs duties.
The GSP scheme is specifically designed to benefit certain developing countries and integrate them into the world economy.

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What are Tariff Quotas?

Tariff Quotas are Annual Limits laid down by the EU within which certain products originating in countries outside the EU may be imported at preferential rates of duty (either at a reduced or zero rate). The amount which may be imported can be expressed in units of quantity, value, volume or weight and the period during which the Tariff Quota is available can be limited.

Information on Tariff Quotas & Frequently Asked Questions

(Adobe Acrobat Reader PDFExternal link)

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