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GSP and California: Fast Facts

Written on January 3, 2013 in California

The Generalized System of Preferences (GSP) program eliminates U.S. tariffs (i.e., taxes) on certain imports from developing countries. GSP imports in 2011 totaled $18.5 billion and the program saved American companies more than $700 million. GSP saved California companies an estimated $105.5 million in 2011. California companies imported an estima...

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