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GSP Saved American Companies $64 Million in October 2016

Written on January 6, 2017 in Armenia

In October, the GSP program saved American companies $64 million on about $1.6 billion in imports. The value of GSP imports increased by about 4 percent, while the tariff savings increased by nearly 9 percent compared to October 2015. Overall, GSP saved U.S. companies $600 million in the first 10 months of 2016. GSP savings...

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GSP and New Mexico: Fast Facts

Written on January 16, 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 New Mexico companies an estimated $293,000 in 2011. New Mexico companies imported an estimated $8...

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