The modernised Generalised System of Preferences #GSP was approved in the #EPlenary today! ✅
Why it matters:
• It is one of the EU’s key tools for trade and development
• Helps developing countries export to the EU
• Supports economic growth and reduces poverty
• Strengthens human rights, labour, and environmental standards
What’s new:
• Better monitoring and enforcement
• Stronger partnerships with the Global South
• Strong safeguards, especially to protect the poorest countries
Trade is an important tool for international cooperation. We have made it a bit fairer today.
GSP proves that the EU is a reliable partner in the world. 🌍🤝
