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Everything but Arms

Everything but Arms (EBA) is an initiative of the European Union (EU) under which all imports to the EU from the least developed countries are duty-free and quota-free, with the exception of armaments. EBA entered into force on 5 March 2001. There were transitional arrangements for bananas, sugar and rice until January 2006, July 2009 and September 2009 respectively. The EBA is part of the EU Generalized System of Preferences (GSP). 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.

History
GATT decision IV.D.3, dating back to 28 November 1979, provided the basis for more favourable treatments of least developed countries. The first proposal of an EBA agreement started on 20 September 2000: the European Commission proposed introducing "duty-free, quota-free access for all products from all least developed countries into the EU". The preferential treatment promotes least developed countries (LDC) that, among other things, respect international conventions on human rights; the tariff preferences granted to Cambodia were recently suspended on some products because of "serious and systematic violations of the human rights principles enshrined in the International Covenant on Civil and Political Rights". ==See also==
Source: Wikipedia ↗
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