GSP Program Saved Importers $879 Million Last Year, Trade Group Says
The Coalition for GSP, which argues for renewal of the Generalized System of Preferences benefits program, recently published an estimate that importers saved $879 million utilizing the GSP program in 2020. That covered $17 billion in imports. The group said…
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that imports and savings were down from 2019 due to participating country terminations and the COVID-19 pandemic.