EU’s New Scheme for GSP Tariffs

 

The European Union (EU) amended its scheme of Generalized Tariff Preferences (GSP) for developing countries.

 

The EU GSP grants trade preferences for developing countries’ exports to the EU will be removed for EU imports from countries on the World Bank’s higher or upper middle per capita income list (including Russia, Brazil, Kuwait, Saudi Arabia and Qatar).

 

More here.

 

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