Tariff Benefits with Europe at Risk
If the Salvadoran Constitution is not amended so that it is in accord with ILO requirements, the country would lose GSP benefits.
Friday, May 22, 2009
In order for El Salvador to continue enjoying the Generalized System of Preferences (GSP) tariff benefits, Articles 47 and 48 of the Salvadoran constitution must be amended so that they will be in agreement with International Labor Organization (ILO) pacts regarding unionization and collective bargaining in the state sector.
Having ratified constitutional reforms in compliance with ILO conventions, tariff benefits with the EU will remain.
A series of tariff benefits granted by the European Union to El Salvador, under the Generalized System of Preferences (GSP+) will be extended until 2011.
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 Commission announced yesterday that it will grant the benefit until 2011, while they continue with their inquiries
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