Costa Rica to Maintain current GSP Plus until 2013

The EU extended the GSP Plus program, which gives Costa Rican products preferential access to the European market, until December 2013.

Friday, March 4, 2011

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.

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.

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.

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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