On Friday, the National Retail Federation sent a letter to every Member of Congress urging support for immediate Congressional consideration and passage. The letter stated that GSP is “critical to American employers and families that this important trade program is renewed in advance of its expiration.” Given GSP’s broad bipartisa...
Continue readingOn Monday, we sent a letter signed by 234 American companies and associations urging renewal of GSP before July 31. Of course, as soon as the letter was finalized and sent, we started receiving emails from all sorts of new organizations about their support for GSP renewal – and 20 different companies and associations have...
Continue readingThe Generalized System of Preferences (GSP) program eliminates U.S. tariffs (i.e., taxes) on certain imports from developing countries. GSP imports in 2011 totaled $18.5 billion and the program saved American companies more than $700 million. GSP saved Delaware companies an estimated $1.1 million in 2011. Delaware companies imported an estimated $4...
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