Armenia – Renew GSP Today

GSP Saved American Companies $64 Million in October 2016

Renew GSP Today — Fri, 06 Jan 2017 14:21:14 +0000

In October, the GSP program saved American companies $64 million on about $1.6 billion in imports. The value of GSP imports increased by about 4 percent, while the tariff savings increased by nearly 9 percent compared to October 2015.

Overall, GSP saved U.S. companies $600 million in the first 10 months of 2016. GSP savings in 2016 are up about $49 million, or 9 percent, compared to the first 10 months of 2015.

Some states, such as Louisiana and New Mexico, saw particularly large increases in GSP imports and savings compared to October 2015, as shown in the graphic below.

In Louisiana, GSP imports more than doubled and savings increased by about 59 percent compared to one year earlier. Valves and parts from India, copper cathodes from the Democratic Republic of the Congo, and ferrochromium (typically used to produce stainless steel) from South Africa contributed the most to Louisiana’s GSP increases.

In New Mexico, GSP imports increased by 80 percent and savings from GSP by 144 percent compared to one year earlier. Aluminum products and electric motors from India along with rubber gloves from Thailand and Indonesia contributed most to New Mexico’s GSP increases.

Savings on GSP imports from Armenia increased more than 50 percent to $137,000. GSP eliminated about $223,000 in import taxes on glass construction products (e.g, pavers and blocks) in October, with nearly all of those imports going to Florida.

REMINDER FOR ALL GSP PROGRAM USERS: GSP EXPIRES AT THE END OF 2017. Please click that link to learn about how to get involved in the Coalition for GSP’s renewal activities this year.

Aluminum Foil Imports from Brazil, Armenia Save Millions for Domestic Manufacturers

Dan Anthony — Tue, 01 Feb 2011 17:24:42 +0000

Behr Dayton manufactures engine cooling and air conditioning technology for the automotive industry in a 1.1 million square foot facility in Dayton, Ohio. According to Heinz-J. Otto, President and CEO of Behr America, the 1,000 workers in Dayton “make engine-cooling and air-conditioning components and systems for cars built by GM, Ford and Chrysler, U.S.-built cars by BMW and Mercedes, and heavy trucks produced by Freightliner and International.”

In addition to being one of Dayton’s largest manufacturing employers, Behr is one of the most frequent importers of aluminum foil from Brazil. In the first 11 months of 2010, 99.98 percent of those imports entered the United States duty free under the GSP.

GSP saved manufacturers like Behr Dayton more than $2.5 million on imports from Brazil. Surprisingly, Brazil isn’t even the largest supplier of aluminum foil under GSP. That honor goes to tiny Armenia. About a quarter of the size of Ohio and with a population just over 3 million, Armenia exported more than $58 million worth of aluminum foil under GSP through November 2010 and saved American companies another $3 million.

While people often think of countries like Brazil when talking about GSP aiding development, it is critical for small countries like Armenia. As shown by the chart, the vast majority of Armenia’s exports to the United States qualified for GSP in 2010. If Armenia can’t export under GSP, it may not be able to export at all.

In short, producers in the United States, Brazil, and Armenia all stand to lose from Congress’ failure to renew GSP in 2010.