IMPLEMENTATION LEVEL

Supranational

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 01 Jan 2014 | Removal date: open ended
Still in force

Import tariff

On December 9, 2013, the Council of the European Union adopted Regulation no. 16241/13, suspending duties on jet fuel imports (HS Code 2710.19.21) for at least five years as from January 1, 2014.
 
The measure was taken to avoid an increase in jet fuel prices that would otherwise have occurred because of the new GSP (Generalised System of Preferences), set to enter into force on that date. The new GSP would exclude a number of jet fuel exporting countries from preferential access to the EU common market. As EU refineries are unable to sufficiently increase their production, the duty has been suspended in order to avoid price increases.
 
Previously, the tariff stood at 4.7%.

AFFECTED COUNTRIES

MAP
TABLE
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AFFECTED SECTORS AND PRODUCTS

333 Petroleum oils & oils of bituminous materials, other than crude
2710 Petroleum oils and oils obtained from bituminous minerals, other than crude; preparations not elsewhere specified or included, containing by weight 70 % or more of petroleum oils or of oils obtained from bituminous minerals, these oils being the basic con
271019 Other

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