U.S. Trade Office Is Reviewing GSP

Manufacturers have until November 14 to tell the White House trade office what, if any, changes they'd like to see made in the Generalized System of Preferences (GSP), a 31-year-old U.S. program to help economically developing nations boost their rate of development through trade. Specifically, GSP allows certain products exported by developing countries to enter the U.S. duty free.

Legislation authorizing GSP expires December 31, 2006.

The Office of the United States Trade Representative is seeking industry input on, among other items, countries whose exports are now sufficiently competitive that they no longer need GSP.

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