Written on July 19, 2021 in
USA
No matter how many new incentives are added or how much direct help is given or new processes are created to ensure a fair outcome, there likely will be examples where GSP countries cannot or will not meet the eligibility criteria. Yet GSP termination is a blunt instrument. It can hurt the workers in developing...
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Written on July 14, 2021 in
USA
As Congress considers GSP renewal legislation, there is no question that new eligibility criteria will be added. There are lots of questions about whether they new criteria will help raise standards or simply lead to more lost benefits/higher tariffs on Americans. As noted, American companies have paid about $800 million in extra tariffs due to...
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Written on July 7, 2021 in
USA
Last week, we wrote about how American companies have paid about $800 million in extra tariffs due to recent GSP country terminations but there has been no progress on any of the issues raised in country reviews. Proposed GSP renewal bills include many new proposed eligibility criteria. If policymakers want to create an environment where...
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