EU proposes update of GSP import tariff system for developing countries

BRUSSELS, Belgium - Officially the EU's rules which ensure that exporters from selected developing countries have an import duty free status on bikes they sell to the EU, will end on December 31, 2023. However, for these EU rules known as the 'Generalised Scheme of Preferences (GSP)' the European Commission has released a draft regulation. But there's more going on around GSP.