A report released today by the Coalition for GSP adds further urgency to the need to Congress to renew GSP immediately. The report, Lost Sales, Investments, and Jobs: Impact of GSP Expiration After One Year, catalogs the impacts of GSP expiration on more than 200 companies and shows that delayed renewal is forcing companies to take drastic actions.
For example, Matrix Metals laid off 75 workers at facilities in Iowa and Texas, while Vispak LLC in Minnesota is going out of business completely. These are just two of the numerous examples cited in the report, which is can be downloaded here. You can also download a copy of the Coalition’s press release here.