Category: South Africa

GSP and Connecticut: Fast Facts

Written on January 4, 2013 in Connecticut

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 Connecticut companies an estimated $11.8 million in 2011. Connecticut companies imported an estim...

Continue reading

CORRECTED: Steel Producers Pay Millions in New Tariffs in 2011

Written on April 21, 2011 in Albania

Contrary to popular belief, most products imported under GSP are not finished consumer goods – they are raw materials, components, and other industrial goods used by American manufacturers for domestic production. Ferroalloys, which are used to produce steel, have seen the biggest increase in “imports under GSP” in the beginning o...

Continue reading
Take Action

Follow us on Twitter

Renew GSP Today