The American Congress has once again ratified the Generalized System of Preferences (GSP) trade regime, confirming that Serbia is on the list of countries which have access to a preferential export regime for exporting to the United States. This duty-free regime applies to 4,650 products and includes most industrial and agricultural products. Exceptions to the GSP include most textile products, clothing, footwear, watches, travel accessories, working gloves, leather garments, steel and steel products, glass and glass products and electronics. Goods must also satisfy the appropriate criteria of origin – at least 35% of their value must have been added in Serbia and they must be delivered directly from Serbia.
“Serbian companies and their American import partners have not taken enough advantage of these favorable terms to date; this can serve as a reminder that they should be doing exactly that. We will definitely look to increase the presence of Serbian companies in the coming years in the United States by participating in trade fairs and by using ‘b2b’ contacts”, noted Bozidar Laganin, SIEPA Director.
