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Latest Update

June 29, 2015. The U.S. Congress passed and the President signed H.R. 1295 reauthorizing the Generalized System of Preferences (GSP) through December 31, 2017. Title II of the Trade Preferences Extension Act 2015, makes GSP benefits retroactive from July 31, 2013 and permits U.S. Customs and Border Protection (CBP) to refund duties paid (not including interest) on importations of GSP-eligible goods imported or withdrawn from warehouse during the GSP lapse. Further updates will be available in our GSP documents section below (in Thai only).

April 23, 2015. On April 16, 2015 The Senate Finance and the House Ways & Means Committees introduced the AGOA (African Growth and Opportunities Act) Extension and Enhancement Act of 2015 ("AGOA 2015") which would also reauthorize many trade programs and the Generalized System of Preferences (GSP), in particular, through December 31, 2017. This Act would also provide retroactivity for GSP to July 31, 2013.

AGOA 2015 is expected to be considered by Congress on the same schedule as Trade Promotion Authority legislation (“TPA 2015”), which was also introduced on April 16. As such, the Senate Finance and House Ways and Means Committees will consider AGOA 2015 during markup sessions scheduled for April 22 and 23, respectively.

The House Ways and Means and Senate Finance Committees are expected to approve TPA 2015 and AGOA 2015 in the coming weeks, and the House and Senate sponsors of the bills will attempt to advance the legislation to the chambers’ floors as soon as possible thereafter. Congressional leaders are seeking to vote on both pieces of legislation before the Memorial Day recess on May 22, 2015.

Presently, many GSP beneficiary countries have joined together as The Alliance of GSP countries to request that the US promptly renew the GSP program. If you are a US Company formerly utilizing GSP benefits that have been lost due to the lapse in GSP legislation, please contact the Coalition for GSP for more information and join with other US companies pushing the renewal of GSP forwards.


GSP Documents



Background

  • The U.S. Generalized System of Preferences (GSP) is a program providing free rates of duty for products from beneficiary developing countries to encourage their economic growth, beginning in 1976. More than 145 countries are eligible for this trade preference in over 4400 product items (except textile and apparel, footwear and other sensitive items such as steel, glass, etc.).
  • The original GSP program has expired and has been extended many times. The most recent program expiration was on July 31, 2013 and after a brief lapse, was renewed again in 2015 until the next expiration date, which is December 31, 2017.


  • Annual Review

    As provided for under the U.S. GSP statute, each year the USTR (GSP subcommittee which consists only officials from Clinton Administration) conducts an annual review between June 1 – April 30, to consider the addition, removal or restoration of eligibility for products and/or countries according to criteria of the GSP statute. Products may be added, removed or restored in accordance with the following:


    Country Practice Review