The challenge we are going to face in exporting to European countries.

The challenge we are going to face in exporting to European countries.

Many exporters to European countries know the practice of GSP.
When we export under this procedure importers in European countries pay very low import duty or get full exemption from import duty.
But the European Union states that this practice will be completely abolished from January 2023.
Accordingly, this offer is not valid for many items such as electrical machinery, plastic items, stone items, leather items, etc.
Due to this, countries that export such products globally will compete with us.
So it is a challenge for exporters to export such products from 2023 onwards.
At the same time, there is a piece of comforting news.
We have entered into free trade agreements with various countries. Similarly, we are going to enter into a free agreement with some European countries. It will not be difficult for us to export these goods without the GSP procedure with the countries that have such agreements.

Export Import Consultant - WhatsApp 91-9043441374

#export #exportbusiness