LONDON, June 12 (Reuters) - The European Union will impose a
4.7 percent duty on jet fuel imports from the Middle East
starting next year, officials said on Wednesday, in a move that
could significantly increase costs for the EU's embattled
Last month, EU officials said jet fuel imports could dodge
the new tariff thanks to a waiver known as airworthiness
certificates or EASA Form 1 certificates.
After reviewing the system, however, the officials concluded
that jet fuel cannot benefit from the waiver, which applies
mostly to airplane parts.
The new duty comes after the European Union removed the Gulf
states from its generalised scheme of preferences (GSP), which
offers preferential trade status to developing economies,
because they are now classified as upper-middle income economies
by the World Bank.
The tariff could have a significant impact on Europe's jet
fuel prices and on Middle East refineries, which could lose a
"There will be chaos. Europe will be stuck, they are short
on jet fuel," a senior official at a Middle East producer said.
"At the end of the day, the consumer will have to pay for
this. There is no way we will," he added.
(Reporting by Ron Bousso; editing by Jane Baird)