HA NOI (VNS) — Vietnamese footwear exports to the European Union will enjoy its Generalised Scheme of Preferences (GSP) starting next January.
As the result of a recent European Commission regulation that suspends tariff preferences for a number of GSP beneficiary countries, Vietnamese footwear products from Sections 12a and 12b were removed from the suspended products list.
To qualify for such a removal, products must originate in a GSP beneficiary country where the average value of union imports of that product over three consecutive years exceeds 17.5 per cent of total imports of the same product from all other GSP beneficiary countries.
Key Vietnamese exports to the EU include cell phones (43 per cent), footwear (36 per cent), personal computers (19 per cent) and garment and textile products (16 per cent). — VNS