India's Exports to EU: Only 2.7% Affected by New GSP Regulation

• India's Commerce Ministry states that the EU's GSP Regulation 2025, effective January 1, 2026, impacts only 2.66% of India's exports to the 27-member bloc.
• The EU's GSP is a unilateral trade preference scheme offering reduced or zero customs duties to developing and least-developed countries.
• India currently benefits under the Standard GSP tier, with GSP+ and Everything But Arms (EBA) being other tiers.
• The new regulation, Implementing Regulation (EU) 2025/1909, suspends specific tariff preferences for certain GSP beneficiary countries, including India, for 2026–2028.
• Thirteen GSP sections are suspended, including textiles, machinery, and electrical equipment, but leather has been reinstated in the non-agricultural sector.

Why It Matters: India's Commerce Ministry confirms minimal impact on exports due to EU's new GSP regulation.