The Generalized System of Preferences (GSP) program is a 50 year old trade program to help countries with developing economies by eliminating US import tariffs on products made in GSP eligible countries. SFIA members are currently making products, including bags and gloves, in GSP eligible countries.
The GSP requires Congressional renewal every three years and has traditionally been approved with broad bipartisan support. The GSP expired on December 31, 2020 and while the Senate passed legislation to renew GSP in June, the House has yet to vote on GSP renewal. SFIA encourages companies interested in GSP renewal to join SFIA in signing onto letter requesting renewal of the GSP program.
PLEASE CLICK HERE to add your name to the GSP letter.
Please contact Bill Sells, SFIA SVP for Government and Public Affairs at [email protected] for additional information.