http://www.legislation.gov.uk/uksi/2020/1438/schedule/5/paragraph/6/2020-12-31

The Trade Preference Scheme (EU Exit) Regulations 2020

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EXITING THE EUROPEAN UNION

CUSTOMS

Statute Law Database

2024-05-16

Expert Participation

2020-12-31

These Regulations are made as a consequence of the withdrawal of the United Kingdom from the European Union. They establish a trade preference scheme for developing countries, known as the Generalised Scheme of Preferences (“GSP”). The GSP offers a lower rate of import duty (including a nil rate) (“GSP rate”), on certain goods originating from eligible developing countries, than applies in a standard case under the Customs Tariff (Establishment) (EU Exit) Regulations 2020 (S.I. 2020/1430).