Gereralised Scheme of Preferences (GSP)

Generalised Scheme of Preferences : This is an agreement between the EU and other countries in the West, and a number of developing nations, pertaining to the reduction and in some cases, exemption of import duties.In order to be eligible, certain certificates, such as Eur-1 or ATR may apply, or the shipper must obtain a REX number (which replaces the old Form-A).