General System of Preferences (GSP)
The GSP is a system whereby developed countries grant preferential treatment to eligible products imported from developing countries. The preference-giving country is also known as the donor country, and the preference receiving country as the beneficiary country.
|Bulgaria||Republic of Czech and Slovak|
Goods manufactured in Jamaica are eligible to enter the donor countries at a preferential rate of duty provided they comply with the rules of orgin
Rules of Origin
The basis for determining qualification for preferential treatment differs from one scheme to another. These are generally grouped into two, that is the process criteria and percentage value-added criteria. Under the process criteria imported materials and components can be used if they have been substantially transformed resulting in the raw materials being classified in a four-digit heading of the Harmonised system different from that of the finished product. Under the value-added criteria, the value of imported materials, parts and components used should not exceed a given percentage of the value of the finished product.
The EU, Japan, Switzerland and Norway apply the process criteria. United States, Australia, New Zealand, Canada, Russian Federation, Bulgaria, Hungary, Republic of Czech and Slovak, as well as Belarus employ the percentage value-added criteria.