Which states benefit from duty-free imports under GSP? According to our latest research, all of them! It’s no surprise that big states like California and Texas saved tens of millions of dollars annually because of GSP, but it’s important for companies in little smaller states too. Companies in Rhode Island – the great...
Continue readingThis morning, the Coalition for GSP released its latest annual report on the history, administration, and usage of the GSP program. In addition to facts already noted here (e.g., GSP imports reached $19.9 billion and saved U.S. companies nearly $750 million in 2012), the report found: California had the highest value of GSP imports ($2.8...
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 California companies an estimated $105.5 million in 2011. California companies imported an estima...
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