Kyrgyzstan has been using the scheme of Generalized System of Preferences (GSP) since 1993. Under this scheme, the EU provides preferences for the import of about 7,000 items. Of these, 3,300 headings provided duty-free access, and 3,700 apply reduced rates of customs duties.
Kyrgyzstan plans to join the updated system of general preferences of the European Union, the Ministry of Economy of the KR reported.
Changes in the current GSP regime was approved in October 2012 and entered into force in 2014. GSP schemes+ provide duty-free access to goods, for which the standard GSP provides a tariff reduction and expands the list of preferential goods
Under the scheme of GSP+ the KR will receive duty-free access to the EU market for goods, which it already exports, or goods that a country would like to promote in the future. These are textiles, raw and processed fruit.
By obtaining the updated the GSP+ status of EU, new opportunities for investment will be created for Kyrgyzstan.
An innovative washable touchless technology now allows users to interact with textiles and apparel simply by pointing a finger over…
Technosport has partnered with textile machinery manufacturer Karl Mayer to enhance its production capabilities using cutting-edge Tricot machines.
The Department of Science and Technology has partnered with Bayo Manila Inc. under the DOST CRADLE Program to launch the…
AGC Chemicals and DRYFIBER, LLC have announced the development of non-fluorinated oil and water repellent for nonwoven fabrics and technical…
Schuh has partnered with Conscious Creative Unit and Are You Mad to repurpose post-consumer waste materials into functional and artistic…
Fashion for Good and TMC have launched of 'Behind the Break: Exploring Fibre Fragmentation,' a study aimed at identifying key…