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Trans American

Customs & Logistics

Customs & Logistics News Story

Pertains to U.S.
Published in September 18, 2017 issue

Generalized System of Preferences (GSP) Renewal

GSP is currently set to expire on December 31, 2017. The GSP program has expired twice since December of 2010, and in each instance Importers had to pay full duties while GSP was lapsed (refund processes were put in place when renewed in the past). Senate Finance Committee Democrats and House Ways and Means Republicans have floated the idea of advancing packaged legislation including GSP renewal with a miscellaneous tariff bill (MTB) or African Growth and Opportunity Act-related bill before the end of 2017.

This document is CONFIDENTIAL and contains PROPRIETARY information. It is solely for the use of the recipient. Any further review, disclosure, copying, dissemination, distribution, or use of any of the information contained in this document is strictly prohibited. The recipient shall be liable for damages resulting from any disclosure of this information to any third party. ©2017 Trans American Companies

Filed Under: Newsletter Story

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