VI.  TRADE REGULATIONS AND STANDARDS

Greece as a full member of the European Union subscribes to the
EU's common external tariff, common agricultural policy, joint
transportation policy, and to the directives for the free
movement of goods, labor and capital.  Trade between EU countries
members is duty-free.  On the average, import duties applied to
products from non-EU countries, including the U.S., is between 5
- 7 percent for most manufactured products, while they are lower
for most raw materials and higher for some other product
categories including textile products.  Import duties are applied
on C.I.F., ad valorem basis.

Agricultural products from non-EU countries are subject to a more
complicated protection system administered by the EU.  The
system, includes higher surcharges which take non-EU agricultural
products out of competitive price range.  Greece occasionally
bans imports of some types of products which are able to compete
with similar domestically produced ones, or stops and delays
customs clearance due to phytosanitary problems.

Commodity imports into Greece are generally free and no import
licenses are required.  The EU applies certain quota restrictions
to products from low cost countries.  U.S. businessmen wishing to
market products which they manufacture in low cost countries,
such as China, are advised to examine the quota situation with
their importers.

Banks require one original invoice of the foreign supplier in
order to carry out a transaction.

Temporary duty relief can be granted for raw materials imported
into Greece for processing and re-exportation to non-EU
countries.  Goods imported into Greece for demonstration can be
imported under a Carnet which can be issued by most U.S. Chambers
of Commerce.

Greece has free trade zones in Piraeus, Thessaloniki and
Heraklion.  These zones can be used for storage, re-packing
sorting and labeling.  Warehousing in government-owned bonded
warehouses or in outside bonded annexes is also possible (Also
see Part VII).

Labeling and marking requirements are also in accordance with EU
requirements.  Labels need to be in Greek language.  The Greek
labels can be attached to the product after clearance from
customs and prior to their placement in the market.

Greece follows standards requirements according to the guidelines
set by the E.U.  ISO 9000 is accepted and is now being used by a
some local firms.

Pharmaceutical imports require a special approval that is granted
by the National Pharmaceutical Organization.  New to market food
products require similar approval by the General State
Laboratory.  Products complying with the terms, regulations and
provisions of the Food Code do not require special permit to be
imported and marketed in Greece.  The importation is subject only
to customs clearance.

There are no restrictions on products that can be imported into
Greece with the exception of certain items such as firearms,
narcotics, etc, prohibited by the EU.