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U.S. Congress renews Generalized System of Preferences (GSP)

U.S. Congress renews GSP

The U.S. Congress has passed legislation that renews and extends the Generalized System of Preferences (GSP) through 31 December 2020.


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The U.S. Senate passed H.R. 1625 [PDF 3.27 MB], the “omnibus” appropriations bill very early today, 23 March 2018. The House of Representatives passed the bill on 22 March 2018. The bill will be sent to the White House for action by the president.

The GSP expired at the end of 2017, but with this legislation, will be extended through 2020. The legislation includes measures allowing for retroactive application of the GSP for certain liquidations and reliquidations after 31 December 2017, provided that certain notifications are filed with U.S. Customs and Border Protection (CBP) within 180 days after the legislation’s date of enactment.


For more information, contact a professional with KPMG’s Trade & Customs practice:

Douglas Zuvich | +1 (312) 665-1022 |

Andrew Siciliano | +1 (631) 425-6057 |

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