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GSP Saved American Companies $54 Million in February 2016

Written on April 12, 2016 in Brazil

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....

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A-GSPC Ambassadors Urge Congress to Renew GSP

Written on June 12, 2013 in Algeria

Earlier this week, our friends at the Alliance for GSP Countries (A-GSPC) sent a letter to congressional leaders signed by the Ambassadors from Algeria, Bangladesh, Ecuador, Fiji, Georgia, Indonesia, Moldova, Mongolia, Pakistan, Philippines, Sri Lanka, Thailand, Tunisia, Uruguay, and Yemen.  The letter states: The GSP’s importance to its...

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GSP and Idaho: Fast Facts

Written on January 7, 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 Idaho companies an estimated $103,000 in 2011. Idaho companies imported an estimated $4.4 million...

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