The European Parliament Will Tighten Safeguards To Prevent Textile Imports From Disrupting The EU Market.

2012/3/6 17:04:00 20

The European Commission for international trade (MEPs) said that

EU trade GSP

(GSP) the list will exclude high and middle income countries, which will provide more help to developing countries most in need of help.

Meanwhile, the European Parliament will tighten safeguards to prevent textile imports from disrupting the EU market.

The European Parliament supports the European Commission's plan for renewing the GSP plan, reflecting the recent changes in the world trade pattern. The plan will remove the highest per capita or upper middle class countries on the world bank list (including Russia, Brazil, Kuwait, Saudi Arabia and Qatar) from the EU preferential import measures.

These changes will reduce the number of countries enjoying the EU market preferences, from 176 countries to about 80 countries.

Preferential imports will be reduced from 2009 Euro 60 billion (4% of total EU imports) to about 37 billion 700 million euros.

This is the first time that Parliament has exercised the power of introducing the "Lisbon treaty" into the GSP legislation.

The European Parliament has also revised proposals for strengthening safeguards.

EU textile and apparel

Industry to prevent imports of third largest cost products from entering the EU market.

If the EU's annual import growth is 12.5% (less than 15% recommended by the Commission), or if the imports of specific products exceed 6% of the total imports of the EU (below the 8% recommended by the Commission), tariff preferences for these products will be abolished.

The GSP provides trade preferences for developing countries to export products to the EU, such as zero tariffs, or

Tariff reduction

To help them reduce poverty and promote sustainable development and good governance.

The GSP has been implemented since 1971.

The current GSP scheme has been in force since 2009 and expired at the end of 2013, so the new regulations must be put in place at the latest in January 1, 2014.

The committee decided to start informal three party talks with the Council and members so as to achieve a first reading agreement.