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 imports from low income countries plagued by poverty and a paucity of good employment opportunities spur the development of job-creating industries.

Yet developing countries aren’t the only beneficiaries of GSP and the article uses the examples of Preferred Brands and Coca Cola to show the win-win nature of GSP for creating jobs at home and abroad. The article even highlights how GSP savings can help make technological breakthroughs commercially viable. For example, one material that currently can only be sourced from India has eliminated “the equivalent of nearly 140,000 metric tons of carbon dioxide emissions.” GSP expiration would increase the cost of that product.

We don’t want to give the whole thing away, but you can click here to read the rest of the article.

 

This entry was posted in GSP. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s