According to new data released this week, the Generalized System of Preferences (GSP) program saved American companies nearly $730 million on $18.7 billion in imports in 2016. That’s a savings increase of about 10 percent over 2015.
The infographic below highlights some other key facts and figures about the GSP program for 2016.
We’ll be rolling out lots of new GSP-related data in the coming weeks and months as we work to educate Congress on the importance of renewing GSP before its scheduled expiration on December 31, 2017.
If you have not yet done so, please add your name to the free 2017 GSP Supporter List so the Coalition for GSP can show the broad support for renewal across the country.