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 Economy
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01 Sep 05 12:15
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European Union agrees to early GSP benefits for Thai shrimp
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Business Day
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The European Union (EU) has agreed to a temporary measure that reduces the import duties on shrimp from ll countries entering the EU market.
This will see Thai shrimps receive the same benefits as they would under the new EU Generalised System of Trade Preferences (GSP) scheme.
The duty is reduced from 12 percent to 4.2 percent for fresh shrimp and from 20 percent to 7 percent for prepared shrimp. No quantitative limits (quotas) will be applied.
The measure will enter into force by...
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