What a difference GSP renewal can make for companies like Kona Bicycle in Ferndale, Washington. Nearly 30 years old, the independent company still has the same founding owners and a staff of active and impassioned cyclists. Kona describes itself as “a dedicated group of cyclists making bicycles for people who love bikes” – and GSP...
Continue readingWith a new GSP bill introduced on Thursday, we launched a new survey yesterday to help show why swift passage of the GSP renewal legislation is critical for US businesses. We expect a number of trade hearings the week of April 20, so please answer the survey ASAP if you’re impacted by GSP expiration (and...
Continue readingAccording to new data released last week, American companies imported $18.5 billion worth of GSP-eligible products in 2013. GSP should have reduced taxes on those companies by nearly $700 million. Instead, companies had to pay about $280 million in higher taxes because Congress allowed GSP to expire on July 31. TRInternational, Inc. (TRI), a global...
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