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GSP Saved American Companies $54 Million in January 2016

Written on April 1, 2016 in Bolivia

In January, the GSP program saved American companies more than $54 million on about $1.4 billion in imports. The GSP program has saved U.S. companies more than $5.6 billion since 2008. Overall, GSP tariff savings increased increased by 1.6 percent compared to January 2015. The value of imports under GSP fell slightly (-1.8 percent), but...

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GSP and Nevada: Fast Facts

Written on January 15, 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 Nevada companies an estimated $2.0 million in 2011. Nevada companies imported an estimated $57.8 ...

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