EU extends trade benefits to Costa Rica
The European Commission announced that it will grant tariff free access to thousands of Costa Rican products starting next year and until 2011.
Wednesday, December 10, 2008
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. The system would have expired on December 31. It will now be extended for 3 more years, at the end of which the beneficiaries will have to negotiate another extension.
Costa Rica requested for the Special Stimulus System for Sustainable Development and Governance (SGP Plus) for the 2009-2001 period.
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.
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.
El Salvador can count on the General Preference System (SGP Plus), which allows it to export certain products to the European market tariff-free.
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