NFTC and Coalition Urge Congress to Renew GSP
Congress should immediately renew the Generalized System of Preferences (GSP) program, according to a letter sent to members by the National Foreign Trade Council and 137 other companies and associations. It said the GSP program saves American importers hundreds of…
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millions of dollars by eliminating tariffs on imports from about 130 developing countries, but it's scheduled to expire at the end of July. "GSP is a critically important program that helps U.S. companies of all sizes, but particularly small- and medium-sized businesses, access low-cost inputs they need to manufacture a wide range of exports," said NFTC Vice President-Regional Trade Initiatives Chuck Dittrich. The Coalition for GSP released its 2013 GSP Supporter List Feb. 5 (here).