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GSP and New Mexico: Fast Facts

Written on January 16, 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 New Mexico companies an estimated $293,000 in 2011. New Mexico companies imported an estimated $8...

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