Written on February 11, 2021 in
New York
According to new research from the Coalition for GSP, the Generalized System of Preferences (GSP) program saved American companies $879 million in 2020. Total imports under GSP were nearly $17 billion. Overall GSP imports and savings were down from 2019 due to both country terminations and coronavirus impacts. GSP savings started growing again in l...
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Written on January 26, 2021 in
Burma
Congress allowed the GSP program to expire on December 31. With tariff savings of nearly $3 million per day, GSP expiration likely has cost American companies over $70 million in new taxes. We recently spoke with Patrice Gerber, Founder/CEO of small business Kouboo LLC in Laguna Beach, California – one of those hurt by GSP...
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Written on December 21, 2020 in
USA
Coalition for GSP Executive Director Dan Anthony released the following statement regarding Congress’ failure to reauthorize the Generalized System of Preferences (GSP) program, which expires on December 31, 2020, as part of the Omnibus spending package: American businesses are incredibly frustrated and disappointed that Congress failed...
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