As noted on Monday, the US government recently released 2012 trade data showing that imports under GSP rose to $19.9 billion last year. Based on an analysis of that data, the GSP program saved American companies an estimated $748.7 million in 2012, a $40+ million increase over 2011. By county, the highest savings came on...
Continue readingNothing says “I love you” on Valentine’s Day like candy. Perhaps that’s why, according to the National Confectioner’s Association: 36 million heart-shaped boxes of chocolate will be sold for Valentine’s Day and another 8 billion conversation hearts will will be produced. Luckily for those who want to be sweet by ...
Continue readingThe 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 Rhode Island companies an estimated $4.0 million in 2011. Rhode Island companies imported an esti...
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