BRAZIL AND ARGENTINA COULD LOSE GSP PREFERENCES FOR COSMETICS EXPORTS TO EU
May 1st, 2011
BY KEITH NUTHALL
BRAZIL and Argentina are among almost 100 countries expected to lose tariff breaks for their cosmetics exports to the European Union (EU), under a planned reform of the EU's Generalised System of Preferences (GSP) system. The European Commission wants to focus import duty concessions on poorer countries and so those regarded by the World Bank as high-or-upper middle income states would no longer qualify from January 2014. Other countries likely to lose out would include Russia, Saudi Arabia and the United Arab Emirates. There would also be ...
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