Tag 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

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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┬áreinstatement … Continue reading

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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

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