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GSP Renewal Saved American Companies $57 Million in November

Written on January 13, 2016 in Alabama

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...

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GSP and Mississippi: Fast Facts

Written on January 11, 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 Mississippi companies an estimated $1.4 million in 2011. Mississippi companies imported an estima...

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