According to the European Commission Implementing Regulation (EU) 2022/1039, starting from January 1, 2023, goods originating in the generalized preferential tariff system ( The list of products from GSP) beneficiary countries will suspend their preferential tariff treatment until December 31, 2023.
The list of GSP beneficiary countries and products that will suspend the application of tariff preferences from January 1, 2023 is as follows:
The basis for suspending these offers is EU Law No. 978/2012 stipulates that the amount of such products imported by the EU from the above-mentioned countries exceeds the set threshold for three consecutive years.
[Note: If the export amount of similar products from GSP countries to the European Union accounts for more than 17.5% of the European export amount of all GSP countries for three consecutive years, such products will be Graduated from GSP; the threshold for textiles in Chapters 50 to 63 of HSCode is GSP market share of 14.5%]
Original link: https://trade. ec.europa.eu/access-to-markets/en/news/suspension-year-2023-certain-tariff-preferences-granted-certain-gsp-beneficiary-countries
