The final vote by the European Chamber will be in late March.
The Special Incentive Scheme for Sustainable Development and Governance (GSP Plus) is a unilateral and temporary system in which the EU grants preferential access to its market to certain products from developing countries.
In the case of Costa Rica, the benefit expired on December 31, 2011; however, the vote extended the benefits for two more years running through December 31, 2013. This extension will allow the country to continue with the benefits while it approves a Partnership Agreement with the European Union.
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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