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At the end of 2008 the Republic of Armenia officially applied to the European Commission for the EU preferential trade scheme “GSP+”.
Since January 1, 2009 the Republic of Armenia has been benefitting from the EU's Special Incentive Arrangement for Sustainable Development and Good Governance “GSP+”.
According to the European Commission regulation, Armenia was included in the list of beneficiaries of the Special Incentive Arrangement for Sustainable Development and Good Governance (GSP+) under the reformed EU Generalised Scheme of Preferences (GSP) as of January 1, 2014 (GSP Regulation 978/2012).
The GSP+ scheme grants Armenia duty reductions on exports to the EU on 6200 tariff lines.