In February, the GSP program saved American companies more than $54 million on about $1.4 billion in imports. The GSP program saved U.S. companies $109 million in the first two months of 2016. Overall, GSP tariff savings increased increased by 31 percent compared to February 2015. The value of imports under GSP increased 30 percent....
Continue readingIn January, the GSP program saved American companies more than $54 million on about $1.4 billion in imports. The GSP program has saved U.S. companies more than $5.6 billion since 2008. Overall, GSP tariff savings increased increased by 1.6 percent compared to January 2015. The value of imports under GSP fell slightly (-1.8 percent), but...
Continue readingWith the President signing the GSP renewal legislation into law in late June, all parts of the GSP program will restart – including the Annual Review process. The legislation included a provision extending the deadline for the 2014 Annual Review to October 1. While normally the process would take about a year, the three-month timetable...
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