Vietnamese footwear enjoys preferential European tax
(VOV) - The Vietnam Ministry of Industry and Trade (MoIT)’s European Market Department reports the European Commission (EC) has decided to extend Vietnam’s eligibility under its Generalised System of Preferences (GSP).
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The EC’s Decision No.1213/2012 removed eight countries’ exports from the list of GSP beneficiaries. Accordingly, Vietnamese products, primarily footwear were not affected.
The newly-adjusted tariff scheme, which supplements the previous EC Decision No.978/2012, will come into force from January 1, 2014 to December 31, 2016.