GSP – Generalised System of Preferences

The GSP offers reduced rates of duty to all European Union member states for specific goods imported from a number of developing countries.

Under GSP, preferences are “non-reciprocal”. This means that goods imported into the EU from a number of developing countries are liable to reduced or nil rates of duty.

The GSP system does not apply to exports from the EU.

However, if you’re exporting goods to a GSP country that are going to be processed there, and the finished products will then be imported into the EU under preference, your supplier may be able to count them as originating in that country under a procedure called donor country content.