The Washington Post had an editorial today on the expiration of the GSP and Andean preferences called Mr. Sessions and the need to trade. It highlights the fact the Senator Sessions held up GSP renewal despite a ruling by the non-partisan US International Trade Commission (ITC) that workers in Alabama were not threatened by GSP...
Continue readingThat’s how many millions of dollars GSP saved importers in 2010. Actually, our estimates say $688,834,642, but the rounded figure is close enough. Thailand edged out India as the country responsible for the most GSP savings: $148.43 million for Thailand compared to $148.39 million for India. In 3rd place was Indonesia, whose...
Continue readingThe U.S. Census Bureau released the full-year 2010 trade data today, so we wanted to provide a few highlights: -Imports under GSP in 2010 totaled $22.6 billion, up from $20.2 billion in 2009, but still well below their 2008 peak of $31.2 billion -Thailand was the top GSP supplier country with $3.6 billion, followed by...
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