Russian GSP Products Accounted for Small Amount of Total Exports to US, Says CRS
Products that entered duty-free under the Generalized System of Preferences accounted for only a small amount of total Russian exports to the U.S., said the Congressional Research Service (CRS) in a May 19 report. GSP-eligible ferrosilicon, chromium and ferrochromium, radial…
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tires, ceramics for laboratory use, along with aluminum wire, alloy bars, and rods accounted for 2 percent of total Russian exports to the U.S. in 2012, it said. President Barack Obama earlier this month announced his intent to remove Russia from the preference program, citing economic development (see 14050805). The inclusion of Russia in the program has generated debate over recent years, with some industry officials challenging Russian protection of intellectual property rights commitments. The preference program continues to face an uphill climb as lawmakers struggle to find a vehicle to advance trade legislation (see 14032429). The program expired on July 31, 2013 (see 13080110). The Office of the U.S. Trade Representative pushed for Myanmar and Laos to be included in the program prior to expiration (here), said CRS, but expiration prevented any administrative additions.