CUSTOMS: COMMISSION PROPOSES CANARY ISLANDS EXEMPTION UNTIL 2012.(European Commission)(Brief Article)(Statistical Data Included) From: European Report | Date: December 12, 2001 | COPYRIGHT 2001 Europe Information Service. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group.Copyright information

The Commission says the EU common customs tariff should be suspended on =consumer goods and fish imports until 2007 and on capital investment =goods and raw materials until 2012. This would mean that, for example, a =product imported from the United States into the Canary Islands would be =subject to a substantially lower import duty than elsewhere in the EU. =This should make the product cheaper for people living there and =encourage external trade.The rate of the special tax, whi...