The Generalized System of Preferences (GSP) program eliminates U.S. tariffs (i.e., taxes) on certain imports from developing countries. GSP imports in 2011 totaled $18.5 billion and the program saved American companies more than $700 million. GSP saved Arizona companies an estimated $2.3 million in 2011. Arizona companies imported an estimated $53....
Continue readingThe Generalized System of Preferences (GSP) program eliminates U.S. tariffs (i.e., taxes) on certain imports from developing countries. GSP imports in 2011 totaled $18.5 billion and the program saved American companies more than $700 million. GSP saved Alaska companies an estimated $99,000 in 2011. Alaska companies imported an estimated $2.6 millio...
Continue readingNote: This is the first in a series of posts to be released in January highlighting GSP benefits for all 50 states and the District of Columbia. The Generalized System of Preferences (GSP) program eliminates U.S. tariffs (i.e., taxes) on certain imports from developing countries. GSP imports in 2011 totaled $18.5 billion and the program...
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