Category Archives: Arkansas

GSP Saved American Companies $62 Million in May 2016

In May, the GSP program saved American companies $62 million on about $1.6 billion in imports. The GSP program saved U.S. companies $292 million in the first five months of 2016. Overall, the value of GSP imports and tariff savings … Continue reading

Posted in Arkansas, California, Cambodia, Rhode Island, South Africa, Sri Lanka, Thailand, Turkey | Tagged , , , , , , , , , | Leave a comment

GSP Renewal Saved American Companies $57 Million in November

GSP renewal appears to be having a very positive impact on American companies – and their sourcing from GSP countries. Based on data released last week, American importers saved $57 million in November 2015 as a result of the program’s reinstatement … Continue reading

Posted in Alabama, Arkansas, Colorado, Kansas, Michigan, Mississippi, Missouri, New Hampshire, New York, Ohio, South Carolina, Utah, Washington, Wisconsin, Wyoming | Tagged , , , , , , , , , , , , , , , , , | Leave a comment

GSP and Arkansas: Fast Facts

The Generalized System of Preferences (GSP) program eliminates U.S. tariffs (i.e., taxes) on certain imports from developing countries. GSP imports in 2011 totaled $18.5 billion and the program saved American companies more than $700 million. GSP saved Arkansas companies an … Continue reading

Posted in Arkansas, GSP, India, State Reports | Tagged , , , , , , | Leave a comment

Time to Show Our Gratitude

Last week, we asked companies to contact their Senators in support of the GSP/TAA bill.  When all the votes were tallied, H.R. 2832 passed with the support of 70 Senators. The inclusion of TAA made the vote particularly difficult for … Continue reading

Posted in Alaska, Arkansas, Georgia, Indiana, Kansas, Maine, Massachusetts, Mississippi, Missouri, Nebraska, Nevada, North Dakota, Ohio, South Carolina | Leave a comment

First Batch of GSP State Reports

Reduced posting hasn’t meant reduced work.  Instead, we’ve been creating the state-by-state reports on the impacts of GSP expiration with the new trade data that came out last week.  Below is the first batch of reports for Alabama, Arizona, Arkansas, … Continue reading

Posted in Alabama, Arizona, Arkansas, California, Colorado, Connecticut, GSP | Leave a comment

How can there be growth if we cannot afford to hire?

That question was asked by a respondent to our GSP Expiration Poll.*  Unfortunately, the question is not simply rhetorical.  The Connecticut-based company has less than 25 employees, but its tariff payments have increased by $45,000 to $70,000 per month since … Continue reading

Posted in Arkansas, Connecticut, Michigan, New Jersey | 1 Comment