After nearly two long years of expiration, GSP went back into effect this morning. American companies no longer must pay the import taxes on GSP-eligible products. A cause for celebration indeed! This should benefit the estimated 1,000+ shipments that claim GSP daily. And when you have a shipment come in that doesn’t face tariffs because...
Continue readingThis week we received an email from someone at Primetac, a GSP supporter list company in Little Ferry, New Jersey. We’ve been waiting for an email like this for a long time – much too long – so it’s with great pleasure that we get to publish this (and special thanks to the company for...
Continue readingWith the President signing the GSP renewal legislation into law in late June, all parts of the GSP program will restart – including the Annual Review process. The legislation included a provision extending the deadline for the 2014 Annual Review to October 1. While normally the process would take about a year, the three-month timetable...
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