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Economic perspective: Chinese enterprises should adapt to the adjustment of the EU GSP policy

the EU previously released the list of new graduation products of the GSP, including milk, egg products and natural honey, plastic and rubber products, paper products, electronic consumer products, optical equipment, clocks and musical instruments, etc. From November 1 this year, the European Union will reduce the tariff preference of the above-mentioned products by 50%, but from May 1 next year, all preferential arrangements for the above-mentioned products will be cancelled

according to insiders, since the EU GSP still gives preferential treatment of tariff reduction to similar products from other beneficiary countries and regions, this regulation will have a certain adverse impact on the competitiveness of similar products in the EU market

from January to June this year, Fujian entry exit inspection and Quarantine Bureau issued more than 59000 GSP certificates of origin, of which nearly 30000 were issued to the European Union, more than 50%. From the statistical data, if the EU implements the new list of graduation products, the most affected products in Fujian Province are listed in Table 3 as the brand of thin-walled materials of Goldilocks technology and the corresponding performance benefit products, including "plastics and their products" and "clocks and their parts" in chapters 39 and 91. At the same time, the abolition of the GSP may also affect the transfer of foreign investment. Because the GSP is the premise for many foreign investors to consider investment. Once it is cancelled, the possibility of new overseas investment and additional investment by existing companies will be greatly reduced, and the possibility of transfer of original foreign investment will also increase

from the content of the EU GSP program, the EU will use the GSP to balance the trade of developing countries and regions for a long time, so it will also give more preferential policies to the least developed countries and regions for a long time. To this end, the inspection and quarantine department suggested that Chinese enterprises should make full use of the effective time when they can still enjoy the preferential tariff rate of 100% of the EU generalized system of preferences before November 1 this year and 50% of the preferential tariff rate of the EU generalized system of preferences from November 1 to April 30 next year, so as to arrange exports in a planned way and fully enjoy tariff preferences. Chinese export enterprises should actively study and study the EU GSP scheme, improve the skills of GSP utilization, actively avoid "graduation" products and expand the export of non "graduation" products. While seizing the opportunity to improve the localization of export products and use the generalized system of preferences to enter the market of preference giving countries to cause sheet metal corrosion, the production and export of "graduated" or about to "graduate" products should be transferred in a timely manner to countries that do not have the problem of nearly all Leeb hardness testers being "graduated" from one angle on the market. At the same time, Chinese export enterprises should implement the strategy of market diversification, especially taking the GSP as a passport to enter the markets of Russia, Poland, the Czech Republic, Slovakia, Australia, Canada and other countries. The tariff reductions in these countries are relatively large, which is more beneficial for Chinese enterprises to expand exports by using the GSP