Costa Rica Requests Extension for SGP Plus

The country will ask the EU to extend the special incentive arrangement for sustainable development and good governance, known as GSP+, which expires in 2012.

Monday, September 6, 2010

The measure is a back up in case the Association Agreement (or AA for short) is not approved by this date.

"According to Costa Rica's Vice-minister for Trade, Fernando Ocampo, the EU process is not moving as swiftly as we would like or expected," reports Prensa Libre.

The export sector supports the decision, though hopes that it will not need to be followed up, trusting that the European Union AA is approved before the GSP Plus runs out.

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More on this topic

Benefits Extended for Exporting to Europe

July 2011

El Salvador will sell goods to Europe, over the next 2 years, under the terms of the Generalized System of Preferences (GSP) and the Association Agreement.

For two years Salvadoran businessmen to sell their products in Europe may do so not only with the GSP benefits, but also the benefits of the Association Agreement (AA) with the European Union.

Panama could be left without SGP+

December 2008

Exporters requested an explanation from the Government for the negligence that will probably exclude the country from the preferential tariffs system.

"It will be very difficult to correct this error, and even more difficult for the EU to break its procedure in order to help Panama, since they would be setting a precedent for other countries that did not complete the requirements either," said the president of the Chamber of Commerce and Industry, Adolfo Linares.

EU extends trade benefits to Costa Rica

December 2008

The European Commission announced that it will grant tariff free access to thousands of Costa Rican products starting next year and until 2011.

The measure from the EC grants an extension of the General Preferential System (SGP-Plus) to Costa Rica and 15 other developing countries, including, several from Latin America.

Costa Rica requested extension for SGP Plus

October 2008

Costa Rica requested for the Special Stimulus System for Sustainable Development and Governance (SGP Plus) for the 2009-2001 period.

Under this system, which expires in December of this year, Costa Rica continues exporting a significant number of national products the the EU under a preferential tariff system until the negotiations for the Association Agreement which are currently underway are completed.

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