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Welcome, 114th Congress! Now Please Renew GSP.

Written on January 6, 2015 in GSP

On a snowy day in DC, the 114th Congress was officially sworn in today. After a year-and-a-half of inaction on the expired GSP program, the new Congress couldn’t get here soon enough. The House alone has nearly 60 new members – many of which represent companies with a direct stake in swift, retroactive GSP renewal....

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GSP and Massachusetts: Fast Facts

Written on January 10, 2013 in GSP

The 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 Massachusetts companies an estimated $7.4 million in 2011. Massachusetts companies imported an es...

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