BRAZIL COULD LOSE GSP PREFERENCES FOR CLOTHING EXPORTS TO EU
April 1st, 2011
BY KEITH NUTHALL
BRAZIL and Argentina are among almost 100 countries expected to lose tariff breaks for their textile and clothing exports to the European Union (EU), under a planned reform of the EU's Generalised System of Preferences (GSP) system.
The European Commission announced yesterday (May 10) it wanted to focus import duty concessions on poorer countries and so henceforth 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 ...
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