Glossary
Everything But Arms
The European Union's Everything But Arms agreement
allows least developed countries to have complete duty free access
to EU markets for all exports, except for arms.
Generalised System of Preferences (GSP)
The Generalised System of Preferences provides for
a wide range of industrial and agricultural products originating
in developing countries to be 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.
GSP+
The GSP+ is a special arrangement offering additional
trade preferences, beyond the EU's Generalised System of Preferences,
to countries committed to sustainable development and good governance,
including basic human rights and labour standards.
Rules of origin
Rules of origin aim to limit the benefits of preferences
offered by the EU specifically to designated developing countries
by requiring a minimum value added content in order to qualify.
There are different rules of origin for different agreements and
arrangements, such as: Cotonou rules of origin; GSP rules of origin;
EBA rules of origin.
Singapore issues (or 'new issues')
The "Singapore issues" refers to four working
groups set up during the WTO Ministerial Conference of 1996 in
Singapore, namely investment protection, competition policy, transparency
in government procurement and trade facilitation.
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