by U.S. G.P.O., For sale by the U.S. G.P.O., Supt. of Docs., Congressional Sales Office in Washington .
Written in English
|Series||S. hrg -- 103-991.|
|The Physical Object|
|Pagination||iv, 94 p.|
|Number of Pages||94|
The Generalized System of Preferences (GSP) is a renewable preferential trade program that allows the eligible products of designated beneficiary developing countries to enter the United States free of duty. The GSP program expired on Decem , but has been renewed through December The Generalized System of Preferences (GSP) provides duty-free treatment to goods of designated beneficiary countries. The program was authorized by the Trade Act of to promote economic growth in the developing countries and was implemented on January 1, GSP RenewedOn Friday, Ma , the President signed into law H.R. The Generalized System of Preferences is a vital source for cost-effective, competitive materials, components, and machinery for U.S. businesses of all . Tonight, the House passed legislation (H.R. ) to renew GSP by an overwhelming margin of Details of the bill are available Anthony, Executive Director of the Coalition for GSP, said the following on passage of H.R. by a vote of
Generalized System of Preferences (GSP): Overview and Issues for Congress Congressional Research Service 1 Introduction The Generalized System of Preferences (GSP) provides nonreciprocal, duty-free tariff treatment to certain products imported into the United States from designated beneficiary developing countries (BDCs). U.S. trade preference programs such as the Generalized System of Preferences (GSP) provide opportunities for many of the world’s poorest countries to use trade to grow their economies and climb out of poverty. GSP is the largest and oldest U.S. trade preference program. Established by the Trade Act of , GSP promotes economic development. PREFACE iii PREFACE This handbook is a part of a series of publications aimed at helping exporters, producers and government officials to utilize the trade opportunities available under the various Generalized System of Preferences (GSP) schemes. Petitions: Annual Generalized System of Preferences Product and Country Practices Review; Deadlines. Interim Import Statistics Relating to Competitive Needs Limitations. Product and CNL Waiver Petitions Accepted for the / GSP Annual Review.
On J , President Obama signed into law a bill (H.R. ), that reauthorizes the Generalized System of Preferences (GSP) (which expired on J ) through Dec. 31, Under the new law, duty reductions under the GSP program will begin 30 days after the law is enacted, which is effective J H.R. also extends duty reductions retroactively. The Generalized System of Preferences: Time to Renew and Reform the U.S. Trade Program Ryan Olson No. | Septem n On J , the Generalized System of Preferences (GSP)— the U.S. trade program designed to promote trade in develop - ing countries—expired without renewal for the eighth time in its year history. The Generalized System of Preferences, or GSP, is a preferential tariff system which provides tariff reduction on various products. The concept of GSP is very different from the concept of "most favored nation".MFN status provides equal treatment in the case of tariff being imposed by a nation but in case of GSP differential tariff could be imposed by a nation on various countries depending. Lawmakers set a course for GSP renewal. legislation to renew the Generalized System of Preferences on Thursday, putting the lapsed program on a path to be extended for another three years. The.