With the President signing the GSP renewal legislation into law in late June, all parts of the GSP program will restart – including the Annual Review process. The legislation included a provision extending the deadline for the 2014 Annual Review to October 1. While normally the process would take about a year, the three-month timetable...
Continue readingMost Americans have not heard of GSP. Most do not realize that they save money from it. As part of Imports Work week, we have shown everyday products from the home of the GSP Coalition’s Dan Anthony that benefit from GSP – from his Indonesian dinnerware to his dog’s Indian dinnerware to Thai picture frames...
Continue readingBig trade news out of Washington yesterday: data released showed that $1.4 billion in GSP-eligible goods were imported in November. Unfortunately, since GSP was expired, American companies paid an extra $53.7 million in taxes. Most of the companies paying those taxes are small businesses that can least afford them. Nearly 80 percent of companies on...
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