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GSP and Rhode Island: Fast Facts

Written on January 18, 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 Rhode Island companies an estimated $4.0 million in 2011. Rhode Island companies imported an esti...

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