Monthly Archives: July 2013

GSP to Expire…Again

Despite the best efforts of staff to reach a last-minute compromise, Senator Coburn will not release his hold on the GSP renewal bill. As such, GSP will expire tonight and companies will start paying an estimated $2 million per day … Continue reading

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Senate Finance Ranking Member Hatch on GSP: “I doubt that we’ll get it through”

This morning, Senate Finance Committee Ranking Member Orrin Hatch (R-UT) verbalized what most GSP importers having been fearing for months. According to Inside US Trade ($), Hatch told reporters “I doubt that we’ll get it through before [GSP] expires.” As … Continue reading

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Hagan Drops Hold, Coburn Only Remaining Objection to GSP Renewal

And then there was one. On Friday, we reported that two Senators had objected to the unanimous consent request for S. 1331. A little while ago, we learned that Senator Hagan is now supporting the UC request, meaning that Senator … Continue reading

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GSP Bill Blocked in the Senate – Contacts Needed!

The GSP renewal legislation moving through the Senate hit a snag yesterday when Senators Tom Coburn (R-OK) and Kay Hagan (D-NC) objected to a request to pass the bill by unanimous consent. Unless these two Senators drop their objections, GSP … Continue reading

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Keep Those GSP Contacts Coming

The Senate continues working to pass S. 1331 by unanimous consent before next week’s expiration. Since any one Senator can block renewal, though, it’s critical that all GSP importers reach out to their Senators and urge support for the bill. … Continue reading

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300 Organizations Now Calling on Congress to Renew GSP Before July 31 Expiration

With GSP’s scheduled expiration day looming, the number of companies that are worried about higher import taxes (as soon as next week) continues to grow. Earlier today, A.I Globalpack in Houston, Texas and UTAS-USA in Des Plaines, Illinois became the … Continue reading

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Ideas Lab Perspective: Time is Running Out To Renew Trade Program

This morning, the Ideas Lab website published a “perspectives” piece from us on the impacts of the GSP program called Time is Running Out to Renew Trade Program. We note that GSP was built around the idea that “opening markets to … Continue reading

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