b'3.1.1.3. Case Study: Singapore EU-Singapore Trade Agreement (consent given by the European Parliament in February 2019). The main features of the EU-Singapore Trade Agreement: almost all goods will enjoy tariff free access within five years; there is an investor protection mechanism; there will be more openness in public procurement markets; Singapore will recognise EU safety tests, and there will be mutual recognition of professional qualifications.Why not the same for the UK?3.1.2. Generalized Scheme of Tariff Preferences (GSP) The Generalized Scheme of Preferenceshigh income or upper-middle income by the (GSP) is a type of trade agreement principallyWorld Bank, including Brazil and Saudi for developing countries.16Since 1971, thisArabia. The arrangements cover 6,200 of a scheme has allowed developing countries tototal of some 7,100 tariff lines that have rates pay lower tariffs on their exports to the thenabove 0%. Common Market, now the EU.17 The scheme is subject to WTO rules, in particular to aOverall, GSP reduces tariffs on 66% of all so-called Enabling Clause which allowstariff lines for beneficiaries.19 The tariff lines for exceptions to the WTOs MostFavouredare split into non-sensitive products - which Nation principle for developing countries.enjoy tariff-free access to the EU - andsensitive products such as food, textiles, As of 1 January 2018, there were 17clothing, carpets, and footwear - which enjoy countries in the scheme, (down from 88 intariff reductions. In 2016, GSP category 2014 and 111 in 2013).18 The countries cutexports to the EU were valued at 62.7 from the programme were those ranked asbillion.20 72'