CHIN Exclusion from GSP will not have big impact on China

摘要

The European Commission recently accepted a reform proposal of the Generalized System of Preferences (GSP), which will exclude Chinese clothing and textiles from the bloc's preferential tariff scheme. The new version of the GSP, which aims to ensure that the world's poorest nations benefit most, said that countries that hold more than 15% of EU market share in any industry will lose their GSP position, it has been reported.