GSP Renewal Uncertain

Tuesday, March 1, 2011

 

GSP Renewal Uncertain

 

It is uncertain if the Generalized System of Preferences (GSP) trade program will be renewed by the 112th Congress due to the House cut-as-you-go (CUTGO) requirement and the likelihood of delays in the Senate.

Businesses that depend on GSP duty rates may want to contact their Senator or House Representative to let them know that the expiration of GSP will be detrimental.  More information regarding this issue may be found through the Coalition for GSP’s “Renew GSP Today” effort at:   http://www.tradepartnership.com/site/gsp.html