ARGENTINA COULD LOSE GSP PREFERENCES FOR FOOD EXPORTS TO EU
May 1st, 2011
BY KEITH NUTHALL
ARGENTINA, Uruguay and Iran are among almost 100 countries expected to lose tariff breaks for their food exports to the European Union (EU), under a planned reform of the EU's Generalised System of Preferences (GSP) system, which lowers EU import duties for emerging market and developing countries for more 6,200 tariff lines, including many food products. EU GSP imports total Euro EUR48 billion annually, with 2,400 lines entering duty free.
Because the GSP system is supposed to promote international economic development, the European Commission ...
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