The EU's new Generalised Scheme of Preferences (GSP) regime started to apply on 1 January 2014; recently, some key announcements were made relating to removal of certain GSP beneficiary countries and granting of GSP Plus status to certain other countries under the new GSP regime:
In late December 2013, it was announced that GSP benefits will be removed for China, Thailand, Ecuador and the Maldives as from 1 January 2015.
Shortly thereafter, the EU published the list of ten countries which enjoy GSP Plus status as of 1 January 2014.
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