The National Customs Brokers & Forwarders Association of America (NCBFAA) in a letter dated November 6 to the Senate Finance and House Ways and Means committees, urged renewal of the General System of Preferences (GSP) program. Per the letter, “If GSP renewal does not occur before January 1, companies will face an estimated $75 million in duties on imports from GSP countries each and every month until the program is renewed”.
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