Focusing on needs: the EU proposes a new GSP as of 2014
The EU plans to concentrate its import preferences on those developing countries most in need. It will limit its Generalised System of Preferences (GSP) to approximately 80 countries to take into account the emergence of more advanced developing countries which are now globally competitive. At the same, time the EU seeks to encourage more countries to respect core international conventions on human rights, labour standards, environment and good governance in the GSP+ scheme which grants additional trade concessions for vulnerable countries.

1st ASEAN-EU Business Summit
The EU and the Association of South Eastern European Nations (ASEAN) including Brunei, Myanmar, Cambodia, Indonesia, Laos, Malaysia, Philippines, Singapore, Thailand and Vietnam organised the very first ASEAN-EU Business Summit on 5 May in Jakarta, Indonesia.

EU-Indonesia pact to end exports of illegal timber
Indonesia and the EU signed an agreement to track and monitor timber exports, to ensure they meet national laws to protect the forest. Once in force, EU companies will only be able to import timber that is certified as complying with Indonesian timber laws.

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