Economy

Lower tariff on import food from poor countries

As of January 1, several agricultural goods imported from poor countries will be duty-free or will receive a lower rate of duty.

Following a decision by the Parliament, Norway will provide lower tariffs on imports from countries in the GSP system (Generalized System of Preferences). Therefore, several goods from so-called GSP + countries, which are lower middle-income countries, will be duty-free from 1 January or will receive a lower customs duty on imports from countries that are part of this system, writes the Nation .

The product groups covered by the scheme receive 20 per cent lower tariffs than other GSP countries.

The poor and least-developed countries (LDCs) already have customs exemptions for the goods included in the scheme.

(© NTB)

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