In 2015, the Generalized System of Preferences (GSP) program saved American companies more than $660 million on $17.4 billion in imports. The infographic below highlights some other key facts and figures about the GSP program for 2015.
Continue readingGSP renewal appears to be having a very positive impact on American companies – and their sourcing from GSP countries. Based on data released last week, American importers saved $57 million in November 2015 as a result of the program’s reinstatement in late July 2015. In total, GSP saved American companies $230 million between Augu...
Continue readingThe Office of the U.S. Trade Representative has published the list of products at risk of losing GSP benefits for exceeding “competitive need limits” in 2015. The list is based on import data from January to September and includes any product whose imports during that period: exceeded $110 million, or accounted for more than 42%...
Continue reading