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EU set to raise duties applied on Thailand as of 2015

by ChemOrbis Editorial Team - content@chemorbis.com
  • 10/12/2014 (17:35)
As stated in the Council Regulation published in the Official Gazette on December 31, 2013, the EU plans to put some changes into action within the scope of the Generalized System of Preferences (GSP) as of 2015. Turkey is expected to adopt these adjustments as well, although there is no official declaration about it yet.

In line with aforementioned adjustments, China, Equator, the Maldives and Thailand will be removed from the category of “Developing Countries” and listed under the category of “Other Countries”. The EU will raise customs duties on imports from those countries.

Botswana, Cameroon, the Ivory Coast, Fiji, Ghana, Kenya, Namibia and Swaziland will be included in the category of developing countries, while El Salvador, Guatemala and Panama will be added to the list of the “Countries Benefiting from Special Incentive Arrangements.”

Thailand will be among the most significantly affected countries from the aforementioned adjustments as China is already under the list of developing countries, but has a special position that puts imports from China subject to 6.5% duty in both Turkey and the European Union. In this context, customs duties for Thai origins, including homo-PP, PP block copolymer, LLDPE, HDPE, LLDPE, PVC, PET and ABS are expected to be increased to 6.5% as of January 1, 2015 from the 3% rate which has been in force since January 2014.

In the first ten months of this year, Turkey’s total imports from Thailand reached 33,740 tons, comprising 16,394 tons of PE, 10,860 tons of PS, 802 tons of ABS and 357 tons of EPS.
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