Archive for: August 2013

Reactions to GSP Expiration

Written on August 2, 2013 in GSP

With Wednesday’s expiration of the GSP program and the upcoming recess ensuring at least six weeks of higher taxes – and possibly much longer – there is lots of frustration among GSP importers. But we’re not alone. New U.S. Trade Representative Mike Froman released a statement saying: “The Obama Administration urges Co...

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Coalition for GSP: American Companies Frustrated by Congress’ Inability to Renew Generalized System of Preferences Program

Written on August 1, 2013 in GSP

This morning, the Coalition for GSP put out a press release on yesterday’s expiration of the GSP program. As noted by Executive Director Laura Baughman: “GSP’s expiration will be a financial blow for thousands of American companies that rely on the tariff savings to remain globally competitive. While expiration will be a cost...

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