New Jersey Importer of Tropical Fruits Educates Customers about GSP Expiration
This morning I saw the interesting news release “GSP: Sleeping Bags and Tropical Fruit.” It was posted last week on the website of iTi Tropicals in Lawrenceville, New Jersey, which sources tropical fruit juice, puree & concentrates from South America and Asia. The title of the news release caught my eye because who, afte...
Continue readingGSP Expiration Cost American Companies $54.4 Million in January
The U.S. Government released the trade data for January 2011 today, so this is the first time we’ve been able to see the actual costs of GSP expiration. The number isn’t pretty: $54.4 million in tariffs paid on about $1.5 billion worth of (previously) GSP-eligible products. How does this affect American companies, or as we.....
Continue readingCalling All GSP Importers!!!
UPDATE: The GSP Supporter List will “go live” once we reach 100 company/association signatures. To add your name to the “GSP Supporter List,” send us an email with your with company name and location. The more details you can provide, the better we can use the info in our efforts to renew GSP as quickly...
Continue readingKirk to Senate Finance: Renew GSP for “Longest Period Possible”
Testifying before the Senate Finance Committee this morning, U.S. Trade Representative Ron Kirk once again called on the Congress to renew the GSP program. As part of his opening remarks, Kirk said that GSP “merits renewal for the longest period possible” (paraphrased). Kirk gave similarly testimony before the House Ways and Means...
Continue readingKY, MO Biotech Firms Take Advantage of GSP Benefits for Yeast
I tried to come up with a funny title (e.g., “Congress should at yeast pass a short-term GSP extension) but nothing jumped out at me, so we went with the simple statement of fact: American companies conducting cutting-edge research into animal nutrition import GSP-eligible yeast (or similar single-cell organizations). Most yeast imports...
Continue readingEmails We LOVE to Get
Last week, we received the following email from a reader. We’d never heard of/from this company before, but they were nice enough to let us know what they’re doing to push for GSP renewal. They also serve as a great example to anyone else looking to get involved. It was short but sweet, so I’ll...
Continue readingGSP Rocks
Imagine a world with no wailing solos from future Eric Claptons….or ballads from the next Stevie Wonder…or drum beats from….this kid. GSP might not teach kids how to play their instruments, but it does make them more affordable. In 2010, $84 million worth of musical instruments were imported duty free under GSP, waiving t...
Continue readingNYT Article on Stalled Trade Agenda/GSP
The front page of the New York Times’ Business Section has an article today on the stalled trade agenda. It notes that GSP has expired “for parochial reasons, not partisan ones,” and reminds us once again that the entire program is being held up for just one company. It goes on to say that: Mr....
Continue readingGSP Expiration Guarantees Losses for Companies with Long-Term Contracts
A New Jersey-based company (that wishes to remain anonymous) recently told me why GSP’s expiration is particularly harmful to their business. The company provides goods and services to hundreds of municipal water and sewer boards around the country, including those in New York, Los Angeles, Houston, and Miami. Since its clients ar...
Continue readingIf Only Congress Wood Renew GSP
JELD-WEN began making wooden doors and windows in Klamath Falls, Oregon in 1960. From humble beginnings with just one mill and 15 employees, JELD-WEN has become one of the largest employers in Klamath County and one of the most admired in the state. JELD-WEN has also expanded outside of Oregon….significantly…and now employ...
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