EU MINISTERS APPROVE REFORMS TO LOW DUTY SYSTEM
October 1st, 2012
BY KEITH NUTHALL
THE EUROPEAN Union (EU) Council of Ministers has today approved a shake-up of its special low duty system for poor exporting countries, which is expected to change tariffs paid on a wide range of metals paid on their entry into the EU. Ministers in Brussels today approved a scheme of generalised tariff preferences (GSP), with special low duties henceforth "concentrated on least developed, low income and lower middle-income countries...", said a council communiqué. These reduced tariffs would in future take "account of changing ...
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