Tariff preferences and human rights

The European Union's Generalised Scheme of Preferences helps developing countries by making it easier for them to export their products to the EU. This is done in the form of reduced tariffs for their goods when entering the EU market. However, the reduction is granted only if certain conditions are met. In this article, we overview a recent case of withdrawing preferences from one country which failed to meet the conditions. It is important for EU importers to monitor such changes because higher import duties will be applicable after the withdrawal is enforced.