On 18 November 2010 the European Commission adopted a regulation revising rules of origin for products imported under the Generalised System of Preferences (GSP). Rules of origin are used to determine whether imported goods really originate in countries covered by the EU’s preferential trade arrangements, thereby making them eligible for a preferential customs tariff. This regulation aims to considerably simplify these rules to enable developing countries to understand and to comply with more easily and the new rules will apply from 1 January 2011.
The new regulation includes the following:
The press release and more information on the new proposal are available from here: http://europa.eu/rapid/pressReleasesAction.do?reference=IP/10/1526&format=HTML&aged=0&language=EN&guiLanguage=en
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