Suspension for the year 2023 of certain tariff preferences granted to some beneficiary countries of the GSP.
On June 30, the COMMISSION IMPLEMENTING REGULATION (EU) 2022/1039 of June 29, 2022, establishing provisions for the application of Regulation (EU) No. 978/2012, was published in the Official Journal of the EU of the European Parliament and of the Council regarding the suspension for the year 2023 of certain tariff preferences granted to some beneficiary countries of the GSP.
In accordance with article 8.1 of Regulation (EU) No 978/2012, the tariff preferences of the general regime of the Generalized System of Preferences (GSP) must be suspended with respect to the products of a section of the GSP originating in a beneficiary country of the GSP if, for three consecutive years, the average value of imports into the Union of such products from that country exceeds the thresholds indicated in Annex VI to that Regulation.
The countries for which certain tariff preferences are suspended are India, Indonesia and Kenya and the list of GSP sections in which tariff preferences are suspended is contained in the Annex to the recently published Implementing Regulation.