The Cost of One Month of GSP Expiration

Written on January 31, 2011 in Background

As of midnight tonight, it will be exactly one month since Congress allowed GSP to expire.  Since trade data reporting lags by about 6 weeks, we can’t know the value of January 2011 imports until mid March.  We’re impatient, though, so we looked at imports under GSP in January 2010 to see what GSP expiration...

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GSP Renewal Finds Itself in a…Pickle?

Written on January 28, 2011 in Company Stories

Americans love their pickles.  According to Pickle Packers International and its I Love Pickles website, we eat 2.5 billion pounds of pickles every year, or 20 billion pickles total.  I Love Pickles has many other fun facts, but GSP didn’t make the cut. Perhaps it should have, since more than $30 million worth of jarred...

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Generator Parts from Thailand

Written on January 27, 2011 in Company Stories

There’s a company in Louisville, Kentucky that designs, manufactures, and services Heat Recovery Steam Generators, or HRSGs.  Basically, HRSGs increase energy efficiency by capturing the hot exhaust from a gas turbine and turning it in to steam that can be used to power another turbine. The Kentucky-based company imports parts for its HR...

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GSP Article from Politico

Written on January 26, 2011 in GSP Press

Politico posted an article today on the expiration of GSP.  In the article, Coalition for GSP Executive Director Laura Baughman highlights the 80,000 American jobs supported by GSP imports and calls the companies harmed by the lapse in trade preferences “innocent victims.”

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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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