While we generally focus on the benefits to U.S. companies of the GSP program, it is important to remember that sourcing from GSP countries has a positive impact on the lives of workers and their families in developing countries. Sometimes, the benefits to poor workers come simply from having a job that otherwise would not...
Continue readingIn February, the GSP program saved American companies more than $54 million on about $1.4 billion in imports. The GSP program saved U.S. companies $109 million in the first two months of 2016. Overall, GSP tariff savings increased increased by 31 percent compared to February 2015. The value of imports under GSP increased 30 percent....
Continue readingIn January, the GSP program saved American companies more than $54 million on about $1.4 billion in imports. The GSP program has saved U.S. companies more than $5.6 billion since 2008. Overall, GSP tariff savings increased increased by 1.6 percent compared to January 2015. The value of imports under GSP fell slightly (-1.8 percent), but...
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