What better way to spend a few minutes on Oregon primary day than watching Senate Finance Committee Ranking Member Ron Wyden (D-OR) talk about the importance of GSP renewal? In the clip below, Senator Wyden discusses how GSP is an “economic win-win” for developing countries and U.S. manufacturers, including GSP Supporter List company St...
Continue readingYesterday, the National Association of Manufacturers (NAM) wrote about the negative impact of GSP expiration on…not surprisingly…manufacturers. At the most basic level, because of GSP expiration “many manufacturers’ costs are higher and their competitiveness undermined.” This of course is a point we’ve made a n...
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 Oregon companies an estimated $4.8 million in 2011. Oregon companies imported an estimated $113 m...
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