Opportunities for producers: tariff suspensions

Due to tariffs suspensions Lithuanian producers saved more than 5.15 million euros in 2019. This amount seems considerable, but it could have been significantly higher! In this article, we draw the attention of producers to an opportunity which, in our view, is not sufficiently exploited yet. We also review the current issues - which goods are no longer subject to tariff suspensions due to the new EU Environmental Policy and Industrial Policy, and exceptions - when tariff suspensions are compatible with the application of the anti-dumping duty. Finally, we will share practical advice on how to complete a customs declaration and briefly review other countries' requests for tariff suspensions.