The European Union (EU) will strictly regulate the rule of origins for imports from Myanmar so that Chinese abusers, also called “grasshoppers”, are not able to take undue advantage of EU’s Generalized System of Preferences (GSP) which offers tax advantage to Myanmar products, EU representative said.
Atty Stefan F. Moser from EU’s
International Trade Relation spoke at a seminar on EU GSP at the head
office of the Union of Myanmar Federation of Chamber of Commerce in
Yangon on May 11.
He said that EU will not allow the
Chinese businessmen to ship their products through Myanmar and export to
EU taking advantage of EU GSP for Myanmar products. He requested
Myanmar exporters to strictly follow the requirements in the application
process of GSP.
Atty Stefan said there are two types of
GSP called a simple GSP and a GSP Plus. Myanmar has been offered a
simple GSP and the rules of origins and the country of origin
certificates proving the products are actually from Myanmar are very
important, he noted.
EU GSP’s tax benefits vary according to
the kinds of products. Garment, which is EU’s major import from Myanmar,
will entitle 15 percent tax relief.
Myanmar regained EU GSP last June and
those products imported from Myanmar after GSP program started but has
not received the benefits due in process will be offered back the GSP
they entitled, Atty said.
Myanmar lost EU GSP over a decade ago
due to human rights issue in the country. However, EU has gradually
eased sanctions against Myanmar last year in view of its political and
economic reforms.
source: Eleven Myanmar
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