GSP renewal appears to be having a very positive impact on American companies – and their sourcing from GSP countries. Based on data released last week, American importers saved $57 million in November 2015 as a result of the program’s reinstatement in late July 2015. In total, GSP saved American companies $230 million between Augu...
Continue readingFab-Line Machinery, which has facilities in St. Charles, Illinois and Nashville, Tennessee, imports metal fabrication machinery from Turkey under GSP. The products, including hydraulic press breaks, hydraulic shears, and plasma cutting systems, are used by American manufacturers for domestic production. Based on its response to our new GSP renewal ...
Continue readingAfter a nearly 2-year expiration, Congress retroactively renewed GSP in June. During the expiration, some of the most powerful arguments for GSP renewal came from two surveys highlighting company-specific impacts (reports here and here). To start building the case now for GSP extension beyond 2017, we must show the positive impacts of GSP renewal a...
Continue reading