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The Importance of GSP Benefits for Specific Products

Written on March 20, 2013 in Brazil

Some people might think that GSP’s relatively low share of total U.S. imports means it doesn’t have a big impact.  However, for the products covered by GSP – and the American companies buying those products – its importance cannot be overstated. There were approximately 10,600 country-product combinations imported under...

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GSP and Indiana: Fast Facts

Written on January 8, 2013 in GSP

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 Indiana companies an estimated $13.0 million in 2011. Indiana companies imported an estimated $43...

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