Earlier this week, our friends at the Alliance for GSP Countries (A-GSPC) sent a letter to congressional leaders signed by the Ambassadors from Algeria, Bangladesh, Ecuador, Fiji, Georgia, Indonesia, Moldova, Mongolia, Pakistan, Philippines, Sri Lanka, Thailand, Tunisia, Uruguay, and Yemen. The letter states: The GSP’s importance to its...
Continue readingThe 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 Idaho companies an estimated $103,000 in 2011. Idaho companies imported an estimated $4.4 million...
Continue readingYesterday, the Ambassadors to the United States from nine GSP beneficiary countries sent a joint-letter to Congressional leadership urging GSP renewal. A copy of the letter to Senate Finance Committee Chairman Baucus is available here. The Hill newspaper picked up on the story yesterday afternoon. The countries represent some of the lar...
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