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The EBA is part of the EU Generalized System of Preferences (GSP). [1] The up-to-date list of all countries benefiting from such preferential treatment is given in Annex IV of the consolidated text of Regulation (EU) 978/2012. [2] The aim of the scheme is to encourage the development of the world's poorest countries.
The concept of GSP is very different from the concept of "most favored nation" (MFN). MFN status provides equal treatment in the case of tariff being imposed by a nation but in case of GSP differential tariff could be imposed by a nation on various countries depending upon factors such as whether it is a developed country or a developing country.
The Agreement was initiated by UNCTAD to promote trade among developing countries, thereby fostering economic growth and South-South cooperation and has its roots in the Group of 77, a coalition of 134 developing countries created in 1964 to increase their negotiating leverage and promote their economic interests.
Caribbean Community (CARICOM) – Canada to be negotiated, after Canada finishes their Central American Free Trade Agreement. Caribbean Community (CARICOM) – EU (on-going negotiation on the EPA) ("Economic Partnership Agreement") Caribbean Community (CARICOM) – MERCOSUR (Open for discussions in May 2005)
AGOA provides trade preferences for quota and duty-free entry into the United States for certain goods, expanding the benefits under the Generalized System of Preferences (GSP) program. Notably, AGOA expanded market access for textile and apparel goods into the United States for eligible countries, though many other goods are also included ...
The DCTS applies to 65 developing countries which have a total population of 3.3 billion people, of whom half are in Sub-Saharan Africa, most of the rest in South Asia. [2] [1] The countries whose goods are affected are listed in the Standard Preferences framework of the DCTS. [2]
The Henley Passport Index is a global ranking of countries according to the travel freedom allowed by those countries' ordinary passports for their citizens. [3] It was launched in 2005 as Henley & Partners Visa Restrictions Index [4] and was updated to Henley Passport Index in January 2018.
Visa requirements for Canadian citizens are administrative entry restrictions by the authorities of other states placed on citizens of Canada.. As of 2025, Canadian citizens had visa-free or visa on arrival access to 185 countries and territories, ranking the Canadian passport 7th in the world according to the Henley Passport Index. [1]