Whether talking to reporters or on the Hill for meetings, we often get the same question: “How long of a GSP extension would you like to see?” Our answer is always the same: “As long as possible.” Yet more important that what we want is why we want it. Put simply, history shows that long-term...
Continue readingFor many GSP importers, the retroactive renewal passed by Congress in October 2011 feels like just yesterday. Most companies didn’t start receiving refunds until early 2012. Yet here we are, one year later…and GSP expiration is creeping up once again. While the mid-year expiration isn’t the only challenge facing GSP r...
Continue readingThe 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 Wyoming companies an estimated $84,000 in 2011. Wyoming companies imported an estimated $2.6 mill...
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