Locating GSP Importers

Written on January 25, 2011 in Background

Surprisingly, it is very hard to know who benefits from GSP tariff savings, since the US government does not publish that information from the import records.  Some people call us up and tell us their story.  We read about other companies in official submissions when the government (typically the Office of the U.S. Trade Representative).....

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GSP Reduces Costs for Green Technologies

Written on January 24, 2011 in Argentina

Lithium carbonates are one of the primary raw materials needed to manufacture next-generation lithium-ion (Li-ion) batteries used in electric and hybrid-electric cars.  Light-weight but power-dense, Li-ion batteries store more energy than regular batteries and allow electric and hybrid cars to go further between charges. As noted in this recen...

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How Did We Get Here???

Written on January 21, 2011 in Background

It’s been more than 8 years since GSP last expired.  Why this year?  GSP renewal frequently waits until (literally) the end of the legislative session, but Congress has been successful at striking a last minute deal to ensure continued benefits, as it did in 2006, 2008, and 2009. What happened this year?  In summary, one...

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Motivation for “Renew GSP Today”

Written on January 21, 2011 in Company Stories

The other day, I received a call out of the blue.  The person on the other end of the line had heard from their customs broker that prices were going up because GSP expired.  They did some google searches and came across my number. We chatted for a bit and I learned that the company,...

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A New (More Expensive) Day

Written on January 20, 2011 in Background

On December 31, 2010, the Generalized System of Preferences (GSP) program expired.  For the first time in more than 8 years, US companies that imported eligible products from GSP countries had to pay tariffs on every shipment that entered the United States. American companies will continue to pay these new costs – approximately $2 millio...

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