Following entry into force of the Regulation introducing the new EU Generalised Scheme of Preferences (GSP) regime—Regulation 978/2012—the EU has recently adopted and published certain legal acts needed to implement and update the new regime. The new EU GSP regime will not replace the current GSP regime (and repeal the current GSP Regulation, Regulation 732/2008) until 1 January 2014. However, it is already being implemented and updated now as part of the EU’s aim to ensure a more dynamic approach to the new EU GSP regime through regular reviews, while at the same time securing a stable and predictable GSP framework for economic operators.
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