As of today, India is no longer designated as a beneficiary developing country. The removal is in response to President Trump claiming India’s duties on US goods are too high. He believes we do not have open access to the Indian market and thinks removing them from GSP will show them that the US means… Read more »
Category: GSP
Turkey REMOVED from GSP
Yesterday President Trump issued a proclamation to terminate Turkey’s status as a GSP country. The revocation becomes effective immediately, meaning TODAY May 17th, 2019. According to the administration Turkey is sufficiently economically developed and does not require preferential treatment anymore. In a 2nd proclamation Trump ordered the reduction of the Section 232 Tariffs on steel… Read more »
India & Turkey Removed from GSP
The Trump administration is finishing up meetings with India and Turkey that will ultimately end with both countries being removed from GSP. The Generalized System of Preference (GSP) is a program that allows least developed countries to send some of their products to the United States duty free. Turkey will be removed from the program… Read more »
GSP Modified
On October 30th President Trump signed Proclamation 9813 which modified the list of products eligible for duty-free treatment under the Generalized System of Preference. The changes are effective for goods entered for consumption on or after 12:01am eastern daylight time on November 1, 2018. The update will change the GSP status from A to A* for around 92… Read more »
GSP Bill Passes the House
Good morning, just a quick update on GSP. On February 8th H.R. 4979 was introduced to the House of Representatives – this bill includes the renewal of GSP for a period of 3 years. Yesterday the bill passed the House with overwhelming support (400-2). It is good to see the people who drafted the bill… Read more »