GSP allows our products to remain competitive. Without GSP, we couldn’t compete and lost millions in sales.
Andrew Rogers, Traffic and Import Manager
3V Sigma is a leading producer of advanced specialty chemicals and has been in business for over 60 years. 3V imports some of their chemicals from India through GSP and is able to pass those savings on to American manufacturers.
GSP expiration in 2013 made its products – sold to other U.S. manufacturers – less competitive and resulted in millions of dollars in lost sales.
The retroactive GSP renewal by Congress has allowed 3V Sigma to build an addition to its warehouse and lowered taxes on the business by hundreds of thousands of dollars. Continued GSP benefits are pivotal for 3V Sigma and the American manufacturers it supplies.