Somalia Gains Duty-Free Access to EU Market Under Trade Scheme

Brussels (HOL) — Somali producers are eligible to sell qualifying goods in European Union markets without paying import duties or facing export-volume quotas, under a preferential trade arrangement that could help local businesses expand their overseas sales.The arrangement gives Somali exporters a potential cost advantage when competing in European markets, but businesses must still meet EU product standards and import requirements before their goods can enter the bloc.