In the first 5 months of 2017, GSP saved American companies $328 million in eliminated tariffs. Year-to-date savings crossed the $1 million threshold for 3 states: Oklahoma, Utah, and Arkansas. In total, GSP savings through May exceeded $1 million for 35 states plus Puerto Rico. The map below shows the overall value of year-to-date 2017...
Continue readingOn June 29, the Office of the U.S. Trade Representative (USTR) announced the results of the 2016/2017 GSP Annual Review. Despite much uncertainty from importers about the new Administration’s position on GSP, the review resulted in one of the largest program expansions in history. In the most significant act, USTR extended duty-free benefits ...
Continue readingPrimetac is a family-owned business supplying high quality tapes, films, and industrial packaging throughout North America. Primetac passes the savings from GSP-eligible imports on to companies across the United States while supporting jobs in four states. When GSP expire in 2013, Primetac was forced to raise prices to compensate for those new impo...
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