Canada to remove Tariff Preferences from 72 countries

Posted on: 20/11/2013

Following similar moves in the EU, Canada as announced that it will be restructuring its GSP Scheme which currently gives preferential duty access to a large number of developing markets.  They will be removing GSP benefits under the General Preferential Tariff (GPT) from 72 current beneficiary countries though this will still make it available to 103 countries.  However, Canada intends to continue to review GPT eligibility biannually and to remove benefits for countries that (a) are classified for two consecutive years as high- or upper-middle income according to the last World Bank income classifications or (b) have a 1% or greater share of world exports for two consecutive years according to the latest World Trade Organisation statistics.

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