Deadline Set for Importers to Request Duty-Free Treatment under GSP
On May
28, 2009, the U.S. Trade Representative (USTR)
issued a notice in the Federal
Register announcing it has set June 24 as the
deadline for its 2009 Annual Generalized System
of Preferences (GSP) Product and Country
Practices Eligibility Review. During the Annual
Review, USTR assesses petitions to modify the
list of products and countries that receive
duty-free treatment under the GSP.
By utilizing GSP, which provides duty-free treatment to a range of products from over 100 developing and lesser developed countries, U.S. importers can better control the cost of inputs.
Interested parties must submit petitions to modify the GSP products and country status by June 24, 2009. Petitions for products to continue receiving GSP treatment will be accepted starting June 24 and November 17, 2009.
By utilizing GSP, which provides duty-free treatment to a range of products from over 100 developing and lesser developed countries, U.S. importers can better control the cost of inputs.
Interested parties must submit petitions to modify the GSP products and country status by June 24, 2009. Petitions for products to continue receiving GSP treatment will be accepted starting June 24 and November 17, 2009.