Monthly Archives: January 2011

The Cost of One Month of GSP Expiration

As of midnight tonight, it will be exactly one month since Congress allowed GSP to expire.  Since trade data reporting lags by about 6 weeks, we can’t know the value of January 2011 imports until mid March.  We’re impatient, though, … Continue reading

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GSP Renewal Finds Itself in a…Pickle?

Americans love their pickles.  According to Pickle Packers International and its I Love Pickles website, we eat 2.5 billion pounds of pickles every year, or 20 billion pickles total.  I Love Pickles has many other fun facts, but GSP didn’t … Continue reading

Posted in Company Stories, Florida, India, Maryland, Michigan, Turkey | 2 Comments

Generator Parts from Thailand

There’s a company in Louisville, Kentucky that designs, manufactures, and services Heat Recovery Steam Generators, or HRSGs.  Basically, HRSGs increase energy efficiency by capturing the hot exhaust from a gas turbine and turning it in to steam that can be … Continue reading

Posted in Company Stories, India, Indonesia, Kentucky, Philippines, Thailand | 1 Comment

GSP Article from Politico

Politico posted an article today on the expiration of GSP.  In the article, Coalition for GSP Executive Director Laura Baughman highlights the 80,000 American jobs supported by GSP imports and calls the companies harmed by the lapse in trade preferences … Continue reading

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Locating GSP Importers

Surprisingly, it is very hard to know who benefits from GSP tariff savings, since the US government does not publish that information from the import records.  Some people call us up and tell us their story.  We read about other … Continue reading

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GSP Reduces Costs for Green Technologies

Lithium carbonates are one of the primary raw materials needed to manufacture next-generation lithium-ion (Li-ion) batteries used in electric and hybrid-electric cars.  Light-weight but power-dense, Li-ion batteries store more energy than regular batteries and allow electric and hybrid cars to … Continue reading

Posted in Argentina, Company Stories, North Carolina | 1 Comment

How Did We Get Here???

It’s been more than 8 years since GSP last expired.  Why this year?  GSP renewal frequently waits until (literally) the end of the legislative session, but Congress has been successful at striking a last minute deal to ensure continued benefits, … Continue reading

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Motivation for “Renew GSP Today”

The other day, I received a call out of the blue.  The person on the other end of the line had heard from their customs broker that prices were going up because GSP expired.  They did some google searches and … Continue reading

Posted in Company Stories, Illinois, New Jersey, Turkey | 1 Comment

A New (More Expensive) Day

On December 31, 2010, the Generalized System of Preferences (GSP) program expired.  For the first time in more than 8 years, US companies that imported eligible products from GSP countries had to pay tariffs on every shipment that entered the … Continue reading

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