GSP saved American companies $79 million in September, the most since March as imports continue to recover from the Covid-19 pandemic and recession. In the first 9 months of 2020, GSP saved American companies $630 million. GSP is on track to save between $850 million and $900 million in 2020, down from 2018/2019 due to...
Continue readingAt yesterday’s House Ways and Means Trade Subcommittee hearing on Caribbean Basin preferences (i.e., CBTPA), several Members used the opportunity to support swift GSP renewal as well. CBTPA expires on September 30. In his opening statement, Ranking Member Vern Buchanan (R-FL) cited Coalition for GSP data, saying “Americans saved more th...
Continue readingEarlier this week we heard from Custom Direct, Inc., yet another supporter list company urging Congress to pass a swift, retroactive GSP renewal. (Use these links to see the full list or add your organization.) Based in Plano, Texas, Custom Direct is a US supplier of luggage, bags and cases with 10 employees. The company works...
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