Written on April 4, 2019 in
USA After Congress voted nearly unanimously to renew GSP last year, American small businesses ask Congress to examine whether kicking countries that provide a third of the duty-free benefits out of the program reflects Congressional intent American businesses: “By lowering tariffs for American companies that import under GSP, it supports jobs and...
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Written on April 2, 2019 in
USA GSP saved American companies $97 million in January. The savings increased by nearly $20 million from January 2018, and were about $11 million higher than average monthly savings in 2018 – already a record-shattering year. As recently as 2014/2015, GSP savings averaged just $56 million per month. But they have grown rapidly in recent years...
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Written on March 15, 2019 in
USA Last week, USTR announced its intent to terminate GSP benefits for India and Turkey. These could take effect as soon as early May. Announcements could come at any time on pending reviews for countries such as Thailand and Indonesia. In total, countries under review accounted for 63% of the $1+ billion in 2018 GSP savings....
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