Strange Day in the GSP World
Press reports indicate that the Obama administration will suspend GSP benefits for Bangladesh following a long review by the Office of the U.S. Trade Representative, although the official announcement has not been released. Meanwhile, it appears that Ecuador has decided to unilaterally renounce its ATPA benefits, claiming that the United States was...
Continue reading50,400 Minutes Until GSP Expires
5 weeks… 35 days…840 hours… 50,400 minutes… Whatever number you decide to use, one thing is clear: Congress needs to renew GSP very soon if they want to prevent a $2 million per day tax hike on American companies.
Continue readingSmall Businesses Feel the Biggest Impact of GSP Expiration
From June 17-21, groups around the country are celebrating National Small Business Week. According to the SBA, “More than half of Americans either own or work for a small business, and they create about two out of every three new jobs in the U.S. each year.” They’re also some of the biggest users of the...
Continue reading20 More Orgs Join GSP Supporter List
On Monday, we sent a letter signed by 234 American companies and associations urging renewal of GSP before July 31. Of course, as soon as the letter was finalized and sent, we started receiving emails from all sorts of new organizations about their support for GSP renewal – and 20 different companies and associations have...
Continue readingMore than 230 Organizations Sign Letter Urging Congress to Renew GSP
Today, the Coalition for GSP and more than 230 American companies and associations sent a letter to the Chairmen and Ranking Members of the Senate Finance and House Ways and Means Committees urging Congress to renew GSP before it expires on July 31. The letter stated that: The GSP program saved American companies nearly $750...
Continue readingA-GSPC Ambassadors Urge Congress to Renew GSP
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 readingGSP Renewal Makes for Strange Bedfellows
Two more companies joined our GSP Supporter List today and…they could not be more different. One sells a wide range of products to customers like you and me. The other supplies specialized packaging products like intermodal sea bulk container liners. One has tens of thousands of U.S. employees; the other has three. One...
Continue readingThree Years of Work – Threatened by GSP Expiration
Earlier today we received a call from a small chemical supplier with questions about potential GSP expiration. They were concerned that shipments (currently) scheduled to arrive at the end of July might be delayed a few days into early August – and therefore subject to tariffs if Congress doesn’t act before July 31. While fretting...
Continue readingNew State Reports and Importer Map Show Who’d Be Hurt If Congress Doesn’t Renew GSP
This morning, we updated our state reports page to include 2012 reports for all 50 states. The reports are included in our new map (below) that highlights companies importing GSP-eligible products throughout the country. The toolbar (right) provides fast facts on GSP imports and links to the 2012 state report and all state-related posts. The...
Continue readingMore Companies Call on Congress to Renew GSP
This morning, we added our newest company to the GSP Supporter List: Ferndale, Washington-based Kona Bicycle Company. Located in 1st Congressional District, the 27-employee company imports from Cambodia under GSP. Kona isn’t the only new company calling on Congress to renew GSP before it expires on July 31. Other new additions include: ...
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