Trade regimes applicable to developing countries

01-09-2017

The EU’s trade and development policy is outlined in the January 2012 Communication on ‘Trade, growth and development’. It focuses on countries most in need. The Generalised Scheme of Preferences has been maintained for LDCs, as has the Everything But Arms regime, while preferential treatment for non-LDC ACP countries has been replaced by Economic Partnership Agreements (EPA) including a development component. A new EU Aid for Trade strategy, which aims to help developing countries build trade capacities, is being prepared and will be based on a new communication from the Commission. The EU supports the WTO Development Round and ratified the trade facilitation agreement in October 2015.

The EU’s trade and development policy is outlined in the January 2012 Communication on ‘Trade, growth and development’. It focuses on countries most in need. The Generalised Scheme of Preferences has been maintained for LDCs, as has the Everything But Arms regime, while preferential treatment for non-LDC ACP countries has been replaced by Economic Partnership Agreements (EPA) including a development component. A new EU Aid for Trade strategy, which aims to help developing countries build trade capacities, is being prepared and will be based on a new communication from the Commission. The EU supports the WTO Development Round and ratified the trade facilitation agreement in October 2015.