Tag Archives: Colorado

GSP Saved American Companies $62 Million in August 2016

In August, the GSP program saved American companies $62 million on about $1.6 billion in imports. The value of GSP imports increased by about 5 percent, while tariff savings increased by about 11 percent compared to August 2015. Overall, GSP … 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 Colorado: 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 Colorado companies an … Continue reading

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