Tag Archives: Philippines

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

GSP Saved American Companies $60 Million in April 2016

In April, the GSP program saved American companies $60 million on about $1.6 billion in imports. The GSP program saved U.S. companies $230 million in the first four months of 2016. Overall, the value of GSP imports and tariff savings … Continue reading

Posted in Bolivia, Brazil, California, India, Nevada, New Hampshire, Philippines, South Carolina, Sri Lanka, Thailand, Turkey | Tagged , , , , , , , , , , , , , , , | Leave a comment

GSP Saved American Companies $54 Million in January 2016

In January, the GSP program saved American companies more than $54 million on about $1.4 billion in imports. The GSP program has saved U.S. companies more than $5.6 billion since 2008. Overall, GSP tariff savings increased increased by 1.6 percent … Continue reading

Posted in Bolivia, Ghana, GSP, Illinois, India, Mississippi, Nevada, Pennsylvania, Philippines, Thailand | Tagged , , , , , , , , , | Leave a comment

GSP Expiration Cost Another $54 Million in November 2013

Big trade news out of Washington yesterday: data released showed that $1.4 billion in GSP-eligible goods were imported in November. Unfortunately, since GSP was expired, American companies paid an extra $53.7 million in taxes. Most of the companies paying those … Continue reading

Posted in Brazil, India, Indonesia, Philippines, Thailand | Tagged , , , , , , , | Leave a comment

GSP Expiration Cost American Companies $56 Million in August 2013

Based on new August trade data released by the US government, we can finally see the cost of Congress’ inability to renew GSP before July 31…and it’s not pretty. GSP should have eliminated about $56.5 million in taxes on about … Continue reading

Posted in Brazil, GSP, India, Indonesia, Philippines, Rhode Island, Thailand, Wisconsin | Tagged , , , , , , , , , | Leave a comment

A-GSPC Ambassadors Urge Congress to Renew GSP

Earlier this week, our friends at the Alliance for GSP Countries (A-GSPC) sent a letter to congressional leaders signed by the Ambassadors from Algeria, Bangladesh, Ecuador, Fiji, Georgia, Indonesia, Moldova, Mongolia, Pakistan, Philippines, Sri Lanka, Thailand, Tunisia, Uruguay, and Yemen.  … Continue reading

Posted in Algeria, Bangladesh, Ecuador, Fiji, Georgia, Indonesia, Moldova, Mongolia, Pakistan, Philippines, Sri Lanka, Thailand, Tunisia, Uruguay, Yemen | Tagged , , , , , , , , , , , , , , , , , | Leave a comment

GSP Promotes Global Development

So far, we have focused on how the GSP program benefits the United States, whether we’re talking about American jobs, families, or manufacturing. But we need to remember the primary purpose of GSP: to provide developing countries with a way … Continue reading

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

GSP Saved American Companies Nearly $750 Million in 2012

As noted on Monday, the US government recently released 2012 trade data showing that imports under GSP rose to $19.9 billion last year.  Based on an analysis of that data, the GSP program saved American companies an estimated $748.7 million … Continue reading

Posted in Brazil, India, Indonesia, Philippines, Thailand | Tagged , , , , , , , , , , , , , , | Leave a comment

GSP and Kentucky: 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 Kentucky companies an … Continue reading

Posted in GSP, Kentucky, Philippines, State Reports | Tagged , , , , , | Leave a comment

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

Posted in Colorado, GSP, Philippines, State Reports | Tagged , , , , , | Leave a comment