Generalized System of Preferences (GSP) terminated… for now

US Customs has announced that  the Generalized System of Preference (GSP) expired on December 31, 2010.  This long-running trade preference program has lapsed and been renewed in the past and there is an expectation that Congress will consider reauthorization of the program in early 2011, likely to be retroactive to January 1, 2011.

Full notice here.

3 thoughts on “Generalized System of Preferences (GSP) terminated… for now”

  1. Does anyone have any idea when this will be signed. It is already April, and this has direct effect on business as I am sure you know. I understand this could take up to 6 months more before Congress acts. what I don’t understand is why and if I could I would send them an email asking for action.

    Rosalie Schaefer

  2. Rosalie,

    I highly doubt this will be put back in place, certainly not any time soon. If anything it may be considered at end of the year. Where do you import your products from ?

  3. Rosalie,

    As you may know it was signed in October. You can always check the cbp site for news bulletins etc.

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