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1. The Community scheme of generalised tariff preferences (hereinafter referred to as ‘the scheme’) shall, from the date of entry into force of this Regulation until 31 December 2008, apply in accordance with this Regulation. 2. This Regulation provides for: (a) a general arrangement, (b) a special incentive arrangement for sustainable development and good governance, (c) a special arrangement for least developed countries.
The beneficiary countries of the arrangements referred to in Article 1(2) are listed in Annex I.
1. A beneficiary country shall be removed from the scheme when it has been classified by the World Bank as a high-income country during three consecutive years, and when the value of imports for the five largest sections of its GSP-covered imports to the Community represent less than 75 % of the total GSP-covered imports of the beneficiary country to the Community. 2. When a beneficiary country benefits from a preferential commercial agreement with the Community which covers at least all the preferences provided by the present scheme for that country, it shall be removed from the list of beneficiary countries in Annex I. 3. The Commission shall notify a beneficiary country of its removal from the list of beneficiary countries in Annex I.
The products included in the arrangements referred to in points (a) and (b) of Article 1(2) are listed in Annex II.
1. The tariff preferences provided for by this Regulation shall apply to imports of products included in the arrangements enjoyed by the beneficiary country in which they originate. 2. For the purposes of the arrangements referred to in Article 1(2), the rules of origin, concerning the definition of the concept of originating products, the procedures and the methods of administrative cooperation related thereto, are laid down in Regulation (EEC) No 2454/93. 3. Regional cumulation within the meaning of Regulation (EEC) No 2454/93 shall also apply where a product used in further manufacture in a country belonging to a regional group originates in another country of the group, which does not benefit from the arrangements applying to the final product, provided that both countries benefit from regional cumulation for that group.
For the purposes of this Regulation: (a) ‘Common Customs Tariff duties’ means the duties specified in Part Two of Annex I to Council Regulation (EEC) No 2658/87 of 23 July 1987 on the tariff and statistical nomenclature and on the Common Customs Tariff ( 6 ) , except those duties set up within the framework of tariff quotas; (b) ‘Section’ means any of the sections of the Common Customs Tariff as adopted by Regulation (EEC) No 2658/87. For the purposes of this Regulation only, Section XI is treated as two separate sections: Section XI(a) comprising Common Customs Tariff chapters 50-60 and Section XI(b) comprising Common Customs Tariff chapters 61-63; (c) ‘Committee’ means the Committee referred to in Article 28.
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