EU Cancels China'S GSP Clothing Business Situation Is Grim

According to a GSP regulation issued by the European Commission, from January 1, 2015 onwards, China will no longer be a beneficiary country. At that time, tariffs on China's exports to the EU will increase substantially. GSP is a universal, non discriminatory and non reciprocal tariff system for manufactured and semi manufactured goods exported to developing countries (regions) by developed countries. When favored products show strong competitiveness in the international market, their preferential qualifications are abolished. It is reported that the average tariff rate of China's GSP certificate of origin and regional preferential certificate of origin is about 6%.

EU cancels China GSP for export products At the same time, we continue to implement the GSP treatment to some Southeast Asian countries, such as Vietnam and other South American countries such as Peru and Argentina. The European Union, Japan and other countries (regions) have been reducing the GSP treatment products in China in recent years. Foreign trade enterprises are adding more harm than good The low profit margins of enterprises will be further squeezed.