Review of European Union’s Generalised System of Preferences (GSP)

Posted in Industry News on 26th July 2011 |

Since 1971, The European Union's Generalised System of Preferences (GSP) has ensured preferential import tariffs from developing nations, including Russia, India and Brazil.

The EU is proposing a major reduction in the number of countries included in GSP, which would have a significant impact on the import tariffs for pig iron, ferro alloys and base metals.

From 2nd January 2014, this may result in tariff increases of a minimum of 3.5% on products from countries no longer in the GSP scheme.

 

Related Links:

European Commission GSP Proposals

 

Tags: European Union, Tariffs
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