Tag Archives: Indonesia

GSP Saved American Companies $64 Million in October 2016

In October, the GSP program saved American companies $64 million on about $1.6 billion in imports. The value of GSP imports increased by about 4 percent, while the tariff savings increased by nearly 9 percent compared to October 2015. Overall, … Continue reading

Posted in Armenia, Florida, Georgia, GSP, India, Indonesia, Louisiana, New Mexico, South Africa, Thailand | Tagged , , , , , , , , , , , , , , , , , , | Leave a comment

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

Posted in Brazil, California, Colorado, GSP, India, Indonesia, North Carolina, Ohio, Philippines, Thailand | Tagged , , , , , , , , , , , , , , , , , , , , | Leave a comment

Small Business Paid $250,000 in INTEREST on Bank Loans to Stay Afloat During GSP Expiration

Last week, we profiled two companies (Summit Specialty International in Georgia and Sophia Foods in New York) that have bounced bounced strongly since Congress renewed GSP. Despite difficulties faced during the GSP lapse, both have more workers – and provide … Continue reading

Posted in California, Georgia, GSP, Indonesia, New York | Tagged , , , , , , , , , , , , , , | Leave a comment

New Jersey Small Business Explains Impacts of GSP Expiration, Renewal

EVCO International is a small business in Manalapan, New Jersey that imports marble kitchenware and bath accessories from Indonesia and India and kettles from Thailand. When GSP expired and EVCO tried to raises prices, sales fell. Higher costs impacted both … Continue reading

Posted in India, Indonesia, New Jersey, Small Business, Thailand | Tagged , , , , , , , , , | Leave a comment

GSP Saved American Companies $54 Million in February 2016

In February, the GSP program saved American companies more than $54 million on about $1.4 billion in imports. The GSP program saved U.S. companies $109 million in the first two months of 2016. Overall, GSP tariff savings increased increased by … Continue reading

Posted in Brazil, India, Indonesia, New York, Pennsylvania, Thailand, Uruguay, Virginia, Washington, Zimbabwe | Tagged , , , , , , , , , , , , , , , , | Leave a comment

With Program Renewed, Here Are the Products that May Lose Benefits on October 1 in the GSP Annual Review

With the President signing the GSP renewal legislation into law in late June, all parts of the GSP program will restart – including the Annual Review process. The legislation included a provision extending the deadline for the 2014 Annual Review … Continue reading

Posted in Indonesia, Thailand, Turkey | Tagged , , , , , , | Leave a comment

Expanded GSP Product Coverage Could Save American Families Even More Money

Most Americans have not heard of GSP. Most do not realize that they save money from it. As part of Imports Work week, we have shown everyday products from the home of the GSP Coalition’s Dan Anthony that benefit from … Continue reading

Posted in Cambodia, GSP, Imports Work, India, Indonesia | Tagged , , , , , | Leave a comment