Panama Excluded From EU
Duty Benefits
Panama - Panama has been
officially notified that
it will be excluded from
the duty benefits of the
European Union (EU),
Vice Commerce Minister
Severo Souza said
Friday.
Panama lost the benefits
of the Generalized
System of Preferences (GSP)
because it did not
present the renewal
request before the Oct.
31 deadline set by the
EU.
Souza made the
announcement shortly
after a meeting with
representatives from the
Panamanian Association
of Exporters (Apex). The
meeting was held to
analyze the consequences
of the duty benefits
exclusion, which will
affect about 7,200 sorts
of farm and fishing
products.
Beginning Jan. 1, Souza
said, Panamanian
exporters will not have
the benefits and will
have to pay duties to
sell their products in
the European market.
According to Panamanian
exporters, exclusion of
the duty benefits will
directly impact the
productive sector, which
employs about 100,000
people.
|
