EU strengthens protection of textile industry
On June 13, members of the European Parliament voted to adopt the 2014 EU Trade Preferences for Developing Countries (GSP). Parliament supports the exclusion of middle-income countries from the plan and has oversight powers on the following matters, including the list of countries enjoying the Generalized System of Preferences, strengthening protection measures for the EU textile industry, and expanding product scope to precious minerals from certain developing countries. . The new EU Generalized System of Preferences arrangement eliminates import tariff preferences (zero tariffs or reduced tariffs) for countries with a per capita income of more than $4,000.
It is understood that in order to ensure that the new GSP preferential terms will not lead to a surge in textile imports and squeeze the EU’s domestic textiles and clothing, members of the European Parliament negotiated a rule with the Council that if the EU imports from a country If imports increase by 13.5% in one year (lower than the 15% recommended by the Council), or if imports of special products exceed 6% of the EU’s total imports of such products (lower than the 8% recommended by the Council), the country will be suspended Tariff preferences for such products.
The European side stated that since many countries that have benefited from the GSP in the past, such as Russia, Brazil, and Saudi Arabia, are now able to compete equally with the EU in the world market, the new arrangement will increase the number of countries enjoying the GSP from 176 reduced to about 75. The total value of preferential imports decreased from 60 billion euros in 2009 to approximately 37.7 billion euros in 2014, allowing more concessions to be provided to beneficiary countries that remain on the list.
In addition, the new arrangement will also allow three new countries, Pakistan, the Philippines and Ukraine, to apply for zero tariffs, but the prerequisite is that the exports of the above countries should be less than 2% of all EU GSP imports and comply with human rights and sustainable development. 27 international practices in this regard.
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