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...
Continue readingThe Senate is in its 3rd day of debate on amendments to the GSP/TAA bill. Senator Ron Wyden (D-OR) keeps saying that he hopes we’re “heading into the home stretch,” but it is unclear when final votes will take place. While the Senators continue to talk, more American companies continue to join our efforts. Since...
Continue readingThis morning I saw the interesting news release “GSP: Sleeping Bags and Tropical Fruit.” It was posted last week on the website of iTi Tropicals in Lawrenceville, New Jersey, which sources tropical fruit juice, puree & concentrates from South America and Asia. The title of the news release caught my eye because who, afte...
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