On February 8, 2018, Legislation H.R.4979 was introduced by Rep. David Reichart (R-WA-8) and 8 other congressmen to renew GSP which has expired on December 31, 2017. The House passed the legislation by 400-2 vote.
The GSP legislation renewal must now pass the Senate and be signed by the President before benefits can be reinstated.
To Read H.R. 4979 and see actions overview:
Flegenheimer International will keep monitoring and provide updates to the trade.