GSP Promotes Global Development
So far, we have focused on how the GSP program benefits the United States, whether we’re talking about American jobs, families, or manufacturing. But we need to remember the primary purpose of GSP: to provide developing countries with a way to sell their goods to U.S. buyers. So today we talk about the positive impact...
Continue readingGSP Helps American Manufacturers Compete
Yesterday, we showed some everyday household items (plates, picture frames….wine) that receive duty-free treatment under GSP and reduce costs for American families in the process. Yet while families often save money from GSP unknowingly, manufacturers incorporate GSP into their sourcing strategy to reduce costs and increase competitive...
Continue readingGSP Savings Hit Home (Mine and Probably Yours)
GSP provides clear benefits to American families by eliminating taxes on a variety of food products and home goods. In 2012, GSP eliminated nearly $280 million in import taxes on those products alone. But instead of talking about how GSP reduces prices for the American families in the abstract, we thought we’d show you some...
Continue readingGSP and Jobs, American Jobs
The GSP trade program was created in the 1970s to promote development in poor countries through “trade, not aid.” Over the years, GSP has had a positive impact on jobs where some might not expect it: here in the United States. How is that so? American companies use the GSP program to import a wide...
Continue readingEducating Congress About GSP Renewal, Part 2
Yesterday we posted about what we try to do in Hill meetings and the type of info we provide to staffers, but that still doesn’t answer the bigger question: why are the meetings even necessary? In the eyes of most members of Congress, GSP is a good program – viewed in the abstract. When you...
Continue readingEducating Congress About GSP Renewal, Part 1
Earlier today, we had two more meetings with staff for House Members that serve on the Ways and Means Committee: Reps. James Renacci (OH-16) and Pat Tiberi (OH-12). These were meetings #20 and #21 since the beginning of last week, and we have more coming up. Some of you might wonder, what do you do...
Continue readingCriss-Crossing the US to Talk About GSP
This morning, the Coalition will set out on an epic trek. We’ll meet with offices from eight congressional districts in six states. Representatives from the Pacific Northwest and New England, the Upper Midwest and the Southeast, the Corn Belt and sunny Southern California. GSP Coalition: 4/23 Meeting Itinerary Add in our meetings ...
Continue readingThe Importance of GSP Benefits for Specific Products
Some people might think that GSP’s relatively low share of total U.S. imports means it doesn’t have a big impact. However, for the products covered by GSP – and the American companies buying those products – its importance cannot be overstated. There were approximately 10,600 country-product combinations imported under...
Continue reading2012 GSP Imports and Savings By State
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 readingCoalition for GSP Releases Annual GSP Report
This 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 reading