New Delhi, Jan. 24 -- The Federation of Indian Export Organisations (FIEO) clarified the recent reports concerning the European Union's notification that extends the withdrawal of Generalised System of Preferences (GSP) benefits for specific Indian product categories.

This clarification addresses concerns regarding the scope and actual trade implications of the EU directive. FIEO states that the practical impact of this notification on Indian exports remains limited despite widespread reports suggesting a broader effect on trade values.

According to a FIEO press communication, while reports suggest that approximately 87 per cent of India's exports to the EU fall under the broad product categories mentioned in the notification, this figu...