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Generalized System of Preferences (GSP)

The Generalized System of Preferences (GSP) is a trade preference program established by the Trade Act of 1974, which promoted economic development by eliminating duties on many products when they were imported from one of the 119  countries and territories designated as developing. The program expired in December 2020 and is pending renewal in Congress. Should Congress renew the program with a retroactive refund clause, CBP will refund duties for entries eligible for GSP. Under the GSP, goods that are entirely produced or manufactured in a beneficiary developing country may qualify for duty-free entry under GSP; all third-party materials must undergo a substantial transformation defined as at least 35% of the good’s value having been added in the beneficiary country.  The goods must also be “imported directly” from the GSP eligible country.

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CBP Administrative Messages, Web Postings, Etc.
March 9, 2006 |Top News

U.S. Customs and Border Protection (CBP) has issued an ABI administrative message which corrects the phone number listed in another recent message for the CBP Headquarters client representative branch which was changed March 1, 2006. The correct phone number for the HQ client representative branch is (202) 772-3183. (See ITT's Online Archives or 03/07/06 news, 06030735 1, for BP summary of CBP's previous message with the incorrect phone number.) (Adm: 06-0313, dated 03/07/06, available at http://www.brokerpower.com/cgi-bin/adminsearch/admmsg.view.pl?article=2006/2006-0313.ADM.)

Topics:Generalized System of Preferences (GSP)