This morning, the Coalition for GSP released its latest annual report on the history, administration, and usage of the GSP program. In addition to facts already noted here (e.g., GSP imports reached $19.9 billion and saved U.S. companies nearly $750 million in 2012), the report found: California had the highest value of GSP imports ($2.8...
Continue readingLast Friday, the U.S. government released the full-year trade data for 2012 showing that GSP imports reached $19.9 billion. This represents an increase of more than $1.3 billion, or about 7 percent, and is a significant jump considering the loss of GSP benefits for former top-10 suppliers Argentina (kicked out) and Colombia (GSP replace...
Continue readingWhether talking to reporters or on the Hill for meetings, we often get the same question: “How long of a GSP extension would you like to see?” Our answer is always the same: “As long as possible.” Yet more important that what we want is why we want it. Put simply, history shows that long-term...
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