Costa Rica requested extension for SGP Plus

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

Thursday, October 30, 2008

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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Costa Rica Requests Extension for SGP Plus

September 2010

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.

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.

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.

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.

El Salvador to keep SGP in effect in 2009

September 2008

El Salvador can count on the General Preference System (SGP Plus), which allows it to export certain products to the European market tariff-free.

The European Union (EU) grants this preferential tariff system to several countries, including those in Central America, in exchange for a series of requirements such as the ratification of World Labour Organization (WLO).

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