The European Union’s Generalized System of Preferences is a unilateral preference granted by the EU allowing the import of goods originating in certain developing countries, including India and Indonesia, at reduced or zero rates.
Under certain conditions, the tariff preferences granted under the general GSP regime can be suspended. At the end of June, the European Commission adopted a new implementing regulation (EU) to this effect.
Our Customs and International Trade team provides an update on the situation and lists the products that will soon no longer be eligible for tariff preferences.
GSP: Suspension of tariff preferences for certain goods imported into the EU from India and Indonesia as of 1 January 2023
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