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Posts by: Renew GSP Today

GSP Saved American Companies $64 Million in October 2016

Written on January 6, 2017 in Armenia

In October, the GSP program saved American companies $64 million on about $1.6 billion in imports. The value of GSP imports increased by about 4 percent, while the tariff savings increased by nearly 9 percent compared to October 2015. Overall, GSP saved U.S. companies $600 million in the first 10 months of 2016. GSP savings...

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Happy New Year! (aka 364 Days Until GSP Expires)

Written on January 1, 2017 in GSP

2017 is officially here! Unfortunately, that means American companies will face millions of dollars per day in new taxes in unless Congress passes – and the new President signs – legislation extending the GSP program in the next 364 days. GSP renewal faces special challenges as an “import-only” program. The experience in 201...

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