FIEO Clarifies EU GSP Impact: Limited Effect on Indian Exports

• FIEO clarifies that the EU's GSP withdrawal notification has a limited impact on Indian exports, contrary to widespread reports.
• Reports suggesting 87% of Indian exports to EU are affected are misleading; many products already have zero MFN duty.
• Specific tariff lines within broad categories remain eligible for EU GSP benefits, mitigating tariff hikes.
• The notification is an extension of existing policy, not a new withdrawal; no additional products are newly affected.
• Exporters are advised to assess impact at the tariff-line (HS code) level for accurate duty liability.

Why It Matters: FIEO assures that the EU's GSP withdrawal has a limited, not broad, impact on Indian exports.