Iran Remains in EEU’s GSP List After Recent Revision

Lists of the developing and least-developed states that are beneficiaries of the Eurasian Economic Union’s Generalized System of Preferences (GSP) finalized by the Eurasian Economic Council on March 5 have recently been released and Iran is one of the countries named in the list, according to the director of EEU Affairs Desk in the Trade Promotion Organization of Iran.
“Many countries have been removed from the list, among them some of Iran’s potential rivals in EEU’s lucrative market, namely Turkey, China, India, South Korea, the littoral states of Persian Gulf, Iraq, Brazil, Vietnam, Hong Kong, Indonesia, Lebanon, Singapore, Thailand and Malaysia,” Elham Haji-Karimi was quoted as saying by ILNA. 
“The GPS provides developing counties a 25% tariff discount for numerous commodities, most of which are agricultural products and the combination of the two factors gives Iran a high chance of securing a foothold in the bloc.”