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"This is not protectionism," insisted De Gucht (Photo: European Parliament)

Brussels wants to halve recipients of EU trade benefits

The European Commission has published proposals to slash the number of countries benefiting from preferential EU trade concessions in half, prompting a quick reaction from certain states likely to suffer repercussions.

Announcing the plans in Strasbourg on Tuesday evening (10 May), EU trade commissioner Karel De Gucht said cutting the number of states which benefit from the EU's Generalised System of Preferences (GSP) scheme from 176 to around 80 would help target the trade support mea...

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"This is not protectionism," insisted De Gucht (Photo: European Parliament)

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