Related Keywords: duty free access, EU market, Generalized System of Preferences, investment opportunity, Kyrgystan textile sector, Kyrgyzstan, reduced customs duty, Textile
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.
