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 readingBased on newly available July 2015 trade data, American companies paid about $1.3 billion in higher import taxes while GSP was expired between August 2013 to July 2015. With the retroactive GSP renewal, nearly all of that will be refunded automatically. The map below shows the breakdown of GSP tariffs paid during expiration that are...
Continue readingWhat a difference GSP renewal can make for companies like Kona Bicycle in Ferndale, Washington. Nearly 30 years old, the independent company still has the same founding owners and a staff of active and impassioned cyclists. Kona describes itself as “a dedicated group of cyclists making bicycles for people who love bikes” – and GSP...
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