close
Share with your friends

Thailand trade preferences suspended under GSP program; closure of other GSP reviews

Thailand trade preferences suspended under GSP program

The Office of the United States Trade Representative (USTR) announced the suspension of $817 million in trade preferences for Thailand under the Generalized System of Preferences (GSP) program “based on its lack of sufficient progress providing the United States with equitable and reasonable market access for pork products.” The decision is effective on December 30, 2020, and will close the review of Thailand.

1000

Related content

The USTR release also announces the closure of GSP eligibility reviews with no loss of benefits for three countries:

  • Georgia—based on improvements in the protection of worker rights
  • Uzbekistan—based on improvements in the protection of worker rights
  • Indonesia—based on improvements aimed at providing the United States with equitable and reasonable market access

Additionally, the USTR announced the closure of the GSP designation review of Laos (with no change in status) and the opening of two new GSP eligibility reviews of Eritrea and Zimbabwe (based on worker rights concerns).  

Lastly, the USTR announced the results of the GSP annual product review that added fresh-cut roses to, and removed parboiled rice from, the list of goods eligible for GSP trade benefits.

Background

The GSP program is designed to promote economic development by allowing duty-free entry into the United States for certain products from designated beneficiary countries and territories. To remain eligible for these advantages, beneficiary countries must comply with 15 statutory eligibility criteria, including taking steps to afford internationally recognized worker rights, providing adequate and effective protection of intellectual property rights, and assuring equitable and reasonable access to the country’s domestic market. 


For more information on this topic or to learn more about KPMG’s Trade & Customs Services, contact:

Doug Zuvich
Partner and Global Practice Leader
T: 312-665-1022
E: dzuvich@kpmg.com

John L. McLoughlin
Principal and East Coast Leader
T: 267-256-2614
E: jlmcloughlin@kpmg.com

Andy Siciliano
Partner and National Practice Leader
T: 631-425-6057
E: asiciliano@kpmg.com

Steve Brotherton
Principal and Global Export and Sanctions Leader
T: 415-963-7861
E: sbrotherton@kpmg.com

Luis (Lou) Abad
Principal, Washington National Tax
T: 212-954-3094
E: labad@kpmg.com

Irina Vaysfeld
Principal
T: 212-872-2973
E: ivaysfeld@kpmg.com

Amie Ahanchian
Principal
T: 202-533-3247
E: aahanchian@kpmg.com

Christopher Young
Principal
T: 312-665-3229
E: christopheryoung@kpmg.com

Gisele Belotto
Managing Director
T: 305-913-2779
E: gbelotto@kpmg.com

George Zaharatos
Principal
T: 404-222-3292
E: gzaharatos@kpmg.com

Andy Doornaert
Managing Director
T: 313-230-3080
E: adoornaert@kpmg.com

Jessica Libby
Managing Director
T: 612-305-5533
E: jlibby@kpmg.com

The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us

 

Want to do business with KPMG?

 

loading image Request for proposal