EU trade preferences for developing countries: the GSP & ‘Everything But Arms’

The European Union offers developing countries unilateral preferential trading arrangements under its Generalised System of Preferences (GSP), which is split into three parts: standard GSP, GSP+ and 'Everything But Arms'.
A new GSP Regulation is to enter into force on 1 January 2009, running to the end of 2011. This note outlines the changes that have been made, providing a background and history to the GSP.