GSP is scheduled to expire in a little over 3 months – and Congress will not be in Washington for most of that time. The Coalition for GSP is launching a new effort to collect video testimonials from companies sharing why they need Congress to renew GSP. Our first video comes from Xpres LLC in...
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Written on September 14, 2020 in
USA
GSP saved American companies $65 million in July, bringing year-to-date savings in 2020 to $472 million. GSP benefits companies in every state – the map below shows the overall value of January-July 2020 GSP imports (in blue) and tax savings (in red) by state – yet is scheduled to expire on December 31. Companies and...
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Written on September 11, 2020 in
USA
At yesterday’s House Ways and Means Trade Subcommittee hearing on Caribbean Basin preferences (i.e., CBTPA), several Members used the opportunity to support swift GSP renewal as well. CBTPA expires on September 30. In his opening statement, Ranking Member Vern Buchanan (R-FL) cited Coalition for GSP data, saying “Americans saved more th...
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