Along with the launch of the new site, the Coalition for GSP released updated reports for on why GSP matters for all 50 states (available here). For each state, the reports highlight: total GSP imports, tariffs savings, and average tariffs waived on account of GSP in 2016; companies importing GSP-eligible products; top GSP imports by...
Continue readingOn Monday, we sent a letter signed by 234 American companies and associations urging renewal of GSP before July 31. Of course, as soon as the letter was finalized and sent, we started receiving emails from all sorts of new organizations about their support for GSP renewal – and 20 different companies and associations have...
Continue readingThe 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 Kentucky companies an estimated $20.1 million in 2011. Kentucky companies imported an estimated $...
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