The 32 EU Countries Abolished The Inclusive Tariffs On China, Which Will Be Implemented From December 1st!
The General Administration of Customs of the People’s Republic of China also issued a notice recently stating that, starting from December 1, 2021, the Generalized Preference System Certificate of Origin will no longer be issued for goods exported to EU member states, the United Kingdom, Canada, Turkey, Ukraine, and Liechtenstein. It confirmed the news that European countries no longer grant China's GSP tariff preferential treatment.
The full name of the Generalized System of Preferences is the Generalized System of Preferences. It is a universal, non-discriminatory and non-reciprocal tariff preferential system for the export of manufactured and semi-manufactured products from developing countries and beneficiary countries in developed countries. .
This kind of high tariff reduction and exemption has once provided a great boost to China’s foreign trade growth and industrial development. However, with the gradual improvement of China’s economic and international trade status, more and more countries and regions have decided not to grant China tariff preferences.