Yesterday, the U.S. Chamber of Commerce sent a letter urging Congressional leaders to renew GSP before its scheduled expiration on July 31. The letter stated that: “GSP has been an effective tool promoting market-based economic growth in developing countries, bolstering U.S. manufacturing, and expanding consumer choice. The Chamber urges you ...
Continue readingPress reports indicate that the Obama administration will suspend GSP benefits for Bangladesh following a long review by the Office of the U.S. Trade Representative, although the official announcement has not been released. Meanwhile, it appears that Ecuador has decided to unilaterally renounce its ATPA benefits, claiming that the United States was...
Continue reading5 weeks… 35 days…840 hours… 50,400 minutes… Whatever number you decide to use, one thing is clear: Congress needs to renew GSP very soon if they want to prevent a $2 million per day tax hike on American companies.
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