Modifications to GSP Eligibility
News Alert
> 06/14/2022 > Forced Labor Update: CBP Releases Guidance Document For Importers
> 05/31/2022 > Update: CBP Announces Uyghur Forced Labor Prevention Act Implementation Webinars
> 05/05/2022 > USTR Announces A Four Year Review Of Section 301 Duties
> UPDATE 04/08/2022 > Ports of LALB Further Postpone Excessive Container Dwell Fees
> 03/29/2022 > Russia Sanctions Update
> 03/24/2022 > USTR Reinstates Section 301 Tariff Exclusions for 352 Chinese Products
Modifications to GSP Eligibility
Posted on Nov 3
New Presidential Proclamation Modifies GSP Eligibility
On October 30, 2020, President Trump signed a Proclamation which announced several changes to the Generalized System of Preferences (GSP) eligibility for preferential treatment based on the US Trade Representative’s (USTR) 2020 GSP Program review findings.
Many products from Thailand were removed from GSP eligibility, and according to the USTR, this revocation is based on Thailand’s failure to assure the U.S. that it will provide equitable and reasonable access to its market for pork products. A complete list of the affected products from Thailand can be found in Annex I here.
The USTR also announced that Laos will not be designated as a GSP beneficiary at this time, and that it is closing its associated review, following a lack of recent engagement by the government of Laos on the GSP worker rights eligibility criterion.
In addition, the proclamation President Trump signed on October 30, 2020 adds fresh-cut roses (HTS 0603.11.00) to, and removes parboiled rice (HTS 1006.30.10) from, the list of goods that are eligible for GSP trade benefits. The proclamation also waived Competitive Need Limitations (CNLs) for products in which total imports are below the $24.5 million GSP de minimis level. Finally, the proclamation removed GSP eligibility for six products from Argentina, Brazil, Ecuador, and Indonesia that exceeded the $190 million CNL threshold for imports from a single country, above which the GSP statute requires removal of the product from eligibility.
A copy of the complete USTR notice can be found here.
Please contact your V. Alexander account team with any questions and follow us on our website www.valexander.com for updates on this and other topics.
SECURITY NOTICE: This web post may include hyperlinks to websites outside of our internal control. All hyperlinks in this web post are believed to be legitimate and provided for your convenience, however, we cannot take any responsibility for the safety of outside links. We recommend caution as with any hyperlinks in any web post, and to hover your mouse over the links before clicking to insure the destination is as expected or to visit the sites by going to the main websites for the agencies we reference in your web browser and search for the sites for the mentioned topics from there.