GSP+, which the Philippines applied to join on February 28 of last year, is the next round of the EU’s Generalized Scheme of Preferences (GSP) – a trade preference scheme for developing countries and which covers a total of 6,274 tariff lines. Under the original GSP, the Philippines was able to export 2,442 products to the EU duty-free and reduced tariffs were applied to a further 3,767 products. GSP ended its cycle in December 2014.