Article 5
1. Standard GSP beneficiary countries meeting the criteria laid down in Article 4 are listed in Annex I and are identified as such in column C thereof. 2. By 1 January of each year following 12 July 2026, the Commission shall review Annex I. To provide a standard GSP beneficiary country and economic operators with time for orderly adaptation to the change of the country’s status under the GSP: (a) the decision to no longer identify a country as a standard GSP beneficiary country, in accordance with paragraph 3 of this Article and on the basis of Article 4(1), point (a), shall apply from 1 January of the second calendar year following the calendar year of the date on which the relevant criteria are no longer met; (b) the decision to no longer identify a country as a standard GSP beneficiary country, in accordance with paragraph 3 of this Article and on the basis of Article 4(1), point (b), shall apply from 1 January of the third calendar year following the calendar year of the date of application of a preferential market access arrangement. 3. For the purposes of paragraphs 1 and 2 of this Article, the Commission is empowered to adopt delegated acts, in accordance with Article 45, to amend Annex I, column C, on the basis of the criteria laid down in Article 4. 4. The Commission shall notify the standard GSP beneficiary country concerned of any changes of its status under the GSP.