/javascript" src="../static/js/analytics.js"> CalTrade Report - GSP Trade Benefits for Developing Countries Expanded Generalized System of Preferences, CalTrade Report, - GSP Trade Benefits for Developing Countries Expanded - Generalized System of Preferences render imports from 140 countries duty-free CalTrade Report Asia Quake Victims Benefits to total more than $900 million as new products are added and many benefits are restored, while others that were slated to expire are continued. - Benefits to total more than $900 million as new products are added and many benefits are restored, while others that were slated to expire are continued. - GSP Trade Benefits for Developing Countries Expanded Generalized System of Preferences, CalTrade Report, - GSP Trade Benefits for Developing Countries Expanded

 

Tuesday, June 13, 2006

 

Become a CalTrade Member--It's Free!
Front Page
Page Two
PR Newswire
Opinion
Profiles
Trade Leads
Calendar
Mission
Editor
Press Releases
Partner Orgs
Advertise Opp.
Contact Us
Int.Time Clock
Currency Calc
Cal Links
Free Services


Our Car

Front Page

E-mail PagePrint Version



GSP Trade Benefits for Developing Countries Expanded

Generalized System of Preferences render imports from 140 countries duty-free

WASHINGTON, DC - The Bush Administration has expanded the product coverage of the Generalized System of Preferences (GSP) program, under which more than 140 beneficiary developing counties and territories import products duty-free into the US.?

The move extends GSP benefits to approximately $900 million in imports from those countries through the addition of new products, restoration of previously lost benefits, and the continuation of benefits that would otherwise expire, and marks the conclusion of both the annual GSP program product review and a special review initiated to consider product requests from Argentina, the Philippines, and Turkey.

The action resulted in additional GSP benefits valued at more than $96 million for Argentina, $30 million for the Philippines, and $130 million for Turkey.

In addition, product petitions from Bangladesh, Brazil, India, Morocco, Thailand, and Uruguay, and either re-designated products or provided waivers for these and other countries on specific products, so that they continue to receive GSP benefits were also acted on.

The GSP was reauthorized last August as part of the Trade Act of 2002.

According to the Commerce Department, last year, imports valued at more than $17.5 billion entered the US duty-free under the program, which was created to trade opportunities for developing economies and to encourage broad-based economic development.

Go back, or read the latest Front Page stories:

US Seeks Stronger Ties With Brazil

WASHINGTON, DC – 06/13/06 – Rebounding from the failure to craft a Free Trade Area of the Americas pact, the Bush Administration is aiming at strengthening trade ties with Brazil in an effort to counter China’s fast-growing economic influence in Latin America; China should not only be seen as an export market with 1.3 billion consumers, but also as a nation of 1.3 billion ''new competitors,'' says US Secretary of Commerce Carlos Guittierez.


US Threatens WTO Action Against China

WASHINGTON, DC – 06/10/06 – The White House is threatening to slap China with a World Trade Organization case unless Beijing responds quickly to US concerns over its lack of action on securing intellectual property rights for US products; talks on bringing the WTO case are at a ''very advanced stage,'' according to a high level official in the Office of the US trade Representative.


High Hopes for Central American Trade Pact

WASHINGTON, DC – 06/08/06 – The US -Central American Free Trade Agreement (CAFTA) still faces some hurdles, but could become a reality ''very soon,'' according to Deputy Secretary of State Robert Zoellick; the issues relating to government procurement, intellectual property rights and agriculture still need to be worked through, says the former US Trade Representative following a session of the Organization of American States (OAS) General Assembly in Santo Domingo, Dominican Republic.





 

 


Web Design & Development by Turn-It-Digital in Los Angeles