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Bulgaria And Romania Receive Status Update Under GSP Program

by Glen Shapiro, LawAndTax-News.com, New York

24 January 2007


The Office of the United States Trade Representative (USTR) this week announced that the status of Bulgaria and Romania under the Generalized System of Preferences (GSP), a program designed to promote economic growth in the developing world, has changed.

It explained that:

"As a result of becoming EU member states on January 1, 2007, Bulgaria and Romania are no longer designated as beneficiary developing countries under the US GSP program, effective as of that date."

Meanwhile, at a formal sitting of the European Court of Justice (ECJ) held on Monday, Meglena Kuneva and Leonard Orban were officially appointed as members of the European Commission for the two countries over the period from 12 January 2007 to 31 October 2009.


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