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Termination of the GSP from 2014
On 3 September 2013, the Ministry of International Trade and Industry (MITI) informed SMA that with effect from 1 January 2014, Malaysia will no longer enjoy the Generalized System of Preferences (GSP) schemes offered by the EU and TURKEY. Malaysia has been graduated out of the scheme in light of the country achieving upper middle income status (according to the World Bank). MITI will no longer issue FORM A to EU, TURKEY and ASEAN countries. (TURKEY is part of EU Custom Union).It has been informed that some Custom Authorities will reject the Form A (Preferential Certificates of Origin) of goods arriving on 1 January 2014. Manufacturers and exporters are thus advised to apply for the FORM A early and make the necessary arrangements to ensure goods arrive at the destination before 1 January 2014. Please take note that exports to Norway, Switzerland, Russia, Belarus & Japan are not affected. Information on the GSP rate can be obtained at:
http://ec.europa.eu/taxation_customs/dds2/taric/taric_consultation.jsp?Lang=en&SimDate=20121129 MITI will continually update on any new developments about the GSP through ePCO system (epco.dagangnet.com.my). For any enquiries, please contact Mr. Gan Chee Koon, Tel: 03-62000132, Fax: 03-62012972, E-mail: ckgan@miti.gov.my.
Posted Date: 13 May 2014
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