Last week, USTR announced its intent to terminate GSP benefits for India and Turkey. These could take effect as soon as early May. Announcements could come at any time on pending reviews for countries such as Thailand and Indonesia. In total, countries under review accounted for 63% of the $1+ billion in 2018 GSP savings....
Continue readingGSP saved American companies a record $1.03 billion in 2018, smashing the previous high of $894 million set in 2017. Since Congress renewed GSP in 2015 following a multi-year lapse, annual GSP savings for American companies have increased by more than $350 million. Despite overwhelming congressional support for GSP renewal in 2018, the Trump...
Continue readingOn March 4, the Office of the U.S. Trade Representative announced its intent to terminate GSP for India and Turkey. According to the release: “India’s termination from GSP follows its failure to provide the United States with assurances that it will provide equitable and reasonable access to its markets in numerous sectors. Turkey&rsquo...
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