Category: Virginia

More Companies Call on Congress to Renew GSP

Written on May 20, 2013 in Brazil

This morning, we added our newest company to the GSP Supporter List: Ferndale, Washington-based Kona Bicycle Company.  Located in 1st Congressional District, the 27-employee company imports from Cambodia under GSP. Kona isn’t the only new company calling on Congress to renew GSP before it expires on July 31. Other new additions include: ...

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GSP and Virginia: Fast Facts

Written on January 24, 2013 in GSP

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 Virginia companies an estimated $11.1 million in 2011. Virginia companies imported an estimated $...

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Company Lays Off Workers…Worst May Be Yet to Come

Written on June 30, 2011 in Indonesia

The fifth installment in a our “American Faces of GSP Expiration” series.  This Tennessee-based company, with additional manufacturing facilities in New York, Virginia, and West Virginia, has already laid off 5 workers because of GSP expiration.  If GSP is not renewed soon, it may have an even greater impact on the ability of ...

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