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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
Important Reminder: GSP Expiration December 31, 2017 Read more »
