The U.S. International Trade Commission (ITC) today released a public version of its confidential report on possible modifications to the Generalized System of Preferences (GSP).
The GSP program provides for the duty-free importation of designated articles when imported from designated beneficiary developing countries.
The investigation, Generalized System of Preferences: Possible Modifications, 2017 Review [PDF 2.84 MB] was requested by the U.S. Trade Representative (USTR). A confidential version of the ITC’s report was submitted to the USTR in early September 2018. The public version released today contains only the unclassified sections, with any business confidential information deleted.
Today’s related release lists certain products and notes the probable economic effect on U.S. imports, on U.S. industries producing like or directly competitive articles, and on U.S. consumers of the addition of certain Harmonized Tariff Schedule (HTS) subheadings to the list of GSP-eligible products for all GSP beneficiary developing countries.
The ITC also provided advice as to whether any industry in the United States is likely to be adversely affected by competitive need limitation waivers for certain countries and the probable economic effect on total U.S. imports, as well as on consumers, of the requested waivers.
For more information on this topic or to learn more about KPMG’s Trade & Customs Services, contact:
John L. McLoughlin
Luis (Lou) Abad
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