The United States Trade Representative (USTR) announced last Friday, October 25, 2019 that President Trump is suspending $1.3 billion in trade preferences for Thailand under the Generalized System of Preferences (GSP) based on its failure to adequately provide internationally-recognized worker…
Blog Archives
GSP Update: India; Effective June 5, 2019
Effective June 5, 2019, India’s designation as a beneficiary developing country is terminated pursuant to Presidential Proclamation. Eligibility for duty free treatment will no longer apply. Per CBP CSMS# 19-000275: On May 31, 2019, President Trump signed a Presidential…
GSP Update: Turkey
Effective May 17, 2019, the designation of Turkey as a beneficiary developing country is terminated in accordance to Presidential Proclamation issued yesterday. If you are importing from Turkey, you will no longer be eligible for the Generalized System of Preferences…
GSP UPDATE: India and Turkey
U.S. Trade Representative Robert Lighthizer announced March 04, 2019 that President Trump intends to terminate the eligibility of India and Turkey as beneficiary developing countries under the Generalized System of Preferences (GSP) program because they no longer comply with the…
Update: GSP Refund Processing
U.S. Customs and Border Protection (CBP) advised that GSP refunds have been processed for entries that were flagged electronically on the entry summary. They will begin sending out the refunds now until 08/01/2018. On the latest CBP ACE bi-weekly trade…
Generalized System of Preferences 2018 As of April 22, 2018, customs brokers and filers were able to start filing GSP-eligible entry summaries without the payment of duties. GSP Retroactive refund: GSP-eligible formal and informal entries filed electronically via ABI indicating…
Posted in customs, gsp, international import export, Pier Pass, Uncategorized Tagged with: GSP, import, international trade, pier pass
GSP Renewal and Seafood Import Monitoring Program (SIMP) included in Omnibus Spending Bill
GSP Renewal Update President Trump signed the Omnibus Appropriations bill which passed through the House and Senate on March 23, 2018. Because of this, GSP will be back in effect by April 23rd (30 days after enactment). Importers…
Posted in free trade, Free Trade Agreements, gsp, seafood, Seafood Import Monitoring Program Tagged with: GSP, international trade, NMFS, NOAA
Update: GSP Renewal 2018
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…
Posted in free trade, Free Trade Agreements, gsp Tagged with: Free Trade Agreement, FTA, GSP, GSP Renewal
CBP and Partner Government Agency Reminders
To our valued clients: Thank you for your trust and loyalty to us! Never before, in the history of the US Importing & Exporting Industry, has there been such an excessive amount of new rules, mandatory requirements and regulations; Under…
Posted in ACE, ADD, anti-dumping/countervailing, C-TPAT, CBP, gsp, mpf, NMFS, NOAA, Seafood Import Monitoring Program, SIMP Tagged with: ace, CBP, CBP User Fees, customs, customs broker, food, FSMA, GSP, GSP Renewal, import, international trade, MPF Fee, NMFS, NOAA, perishables, Seafood Import Monitoring Program, SIMP
Important Reminder: GSP Expiration December 31, 2017
Background: The GSP (Generalized System of Preference) provides duty-free treatment for over 3,500 products from a wide range of BCD’s (Beneficiary Developing Country’s) and an additional 1,500 products from LDBDC’s (Least Developed Beneficiary Developing Country’s). The GSP program promotes economic…
Posted in 10+2, ACE, ACE Cargo Release, ADD, Air Freight, Air Shipments, country of orgin, customs, Customs Penalties, duties, freight, gsp Tagged with: BCD, Beneficiary Developing Country, CBP, customs, EXPIRE, GSP, LDBDC, Least Developed Beneficiary Developing Country
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