This 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...
Continue readingThe U.S. Government released the trade data for January 2011 today, so this is the first time we’ve been able to see the actual costs of GSP expiration. The number isn’t pretty: $54.4 million in tariffs paid on about $1.5 billion worth of (previously) GSP-eligible products. How does this affect American companies, or as we.....
Continue readingImagine a world with no wailing solos from future Eric Claptons….or ballads from the next Stevie Wonder…or drum beats from….this kid. GSP might not teach kids how to play their instruments, but it does make them more affordable. In 2010, $84 million worth of musical instruments were imported duty free under GSP, waiving t...
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