Written on September 10, 2013 in
Arizona
With Congress returning to DC and companies beginning to feel the sting of expiration, more and more American organizations are calling for immediate renewal of the GSP program.The map below shows the 20+ companies and associations – based in 16 states – have joined the supporter list since GSP expired, including the seven new additions...
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If you ask people what September means to them, you’ll get lots of different answers: the end of summer, back to school, start of college/NFL football, cooler weather, or perhaps baseball pennant races (unless they’re in DC). Companies that use the GSP program might also mention the return of Congress from a looooong state work...
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The 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 Florida companies an estimated $45.0 million in 2011. Florida companies imported an estimated $99...
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