How Much Does GSP Save Your State?

A New (More Expensive) Day

Written on January 20, 2011 in Background

On December 31, 2010, the Generalized System of Preferences (GSP) program expired.  For the first time in more than 8 years, US companies that imported eligible products from GSP countries had to pay tariffs on every shipment that entered the United States. American companies will continue to pay these new costs – approximately $2 millio...

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