The Office of the U.S. Trade Representative has published the list of products at risk of losing GSP benefits for exceeding “competitive need limits” in 2015. The list is based on import data from January to September and includes any product whose imports during that period:
- exceeded $110 million, or
- accounted for more than 42% of total U.S. imports (only if total U.S. imports exceeded $14 million).
Please note, the list is a courtesy and products not listed can still lose GSP benefits if 2015 full-year data shows that imports:
- exceeded $170 million, or
- accounted for more than 50% of total U.S. imports (only if total U.S. imports exceeded $22.5 million).
While the full-year data will not be available until February 2016, petitions are due on December 4, 2015. This is actually an extension from the original deadline of November 23.