GSP: Transition Period for the Application of the REX system

Posted by Marta Gargallo on 6/16/20 5:00 PM

The European Commission published Implementing Regulation (EU) 2020/750 establishing a procedure for extending the transition period for the application of the Registered Exporter System (REX) in some beneficiary countries of the Generalised System of Preferences (GSP).

The need for an extension is due to COVID-19 as some countries may experience difficulties in meeting the established deadline:

  • The GSP beneficiary countries concerned by the Regulation are the ones which started to apply the REX system from 1 January 2019 and for which the transition period was supposed to end by 30 June 2020: Bangladesh, Cambodia, Senegal, Uzbekistan and Vietnam.
  • Beneficiary countries interested in the possibility of extending the transition period must notify DG TAXUD no later than 15 July 2020.
  • The transition period will be extended to 31 December 2020.

Link to the European Commission press release:

https://ec.europa.eu/taxation_customs/news/generalised-scheme-preferences-transition-period-application-rex-system-extended-31-december-2020-because-covid-19_en

Link to the Regulation:

https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=uriserv:OJ.L_.2020.178.01.0021.01.ENG&toc=OJ:L:2020:178:TOC

Link to the REX- Registered Exporter System:

https://ec.europa.eu/taxation_customs/business/calculation-customs-duties/rules-origin/general-aspects-preferential-origin/arrangements-list/generalised-system-preferences/the_register_exporter_system_en

Topics: GSP, EU, European Commission

Recommended for you