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Author: Vivian Jones Publisher: CreateSpace ISBN: 9781502998101 Category : Languages : en Pages : 38
Book Description
The U.S. Generalized System of Preferences (GSP) program provides non-reciprocal, duty-free tariff treatment to certain products imported from designated beneficiary developing countries (BDCs). The United States, the European Union, and other developed countries have implemented similar programs since the 1970s.The U.S. program was first authorized in Title V of the Trade Act of 1974, and is subject to periodic renewal by Congress. The GSP program was most recently extended until July 31, 2013, in Section 1 of P.L. 112-40, and has not yet been renewed. Imports under the GSP program in 2013 amounted to about $18.5 billion-about 7% of all imports from GSP countries, and about 1% of total U.S. imports.
Author: Vivian Jones Publisher: CreateSpace ISBN: 9781502998101 Category : Languages : en Pages : 38
Book Description
The U.S. Generalized System of Preferences (GSP) program provides non-reciprocal, duty-free tariff treatment to certain products imported from designated beneficiary developing countries (BDCs). The United States, the European Union, and other developed countries have implemented similar programs since the 1970s.The U.S. program was first authorized in Title V of the Trade Act of 1974, and is subject to periodic renewal by Congress. The GSP program was most recently extended until July 31, 2013, in Section 1 of P.L. 112-40, and has not yet been renewed. Imports under the GSP program in 2013 amounted to about $18.5 billion-about 7% of all imports from GSP countries, and about 1% of total U.S. imports.
Author: Publisher: ISBN: Category : Tariff preferences Languages : en Pages : 0
Book Description
The Generalized System of Preferences (GSP) provides duty-free tariff treatment to certain products imported from designated developing countries. The United States, the European Union, and other developed countries implemented such programs in the 1970s in order to promote economic growth in developing countries by stimulating their exports. The U.S. program (as established by Title V of the Trade Act of 1974) was extended until December 31, 2008, in section 8002 of P.L. 109-432 for all GSP beneficiary countries not covered by the African Growth and Opportunity Acceleration Act of 2004 (P.L.108-274, extended GSP benefits for AGOA beneficiary countries through September 30, 2015). On February 7, 2008, House Ways and Means Chairman Rangel introduced H.R. 5264, a bill seeking to further extend the Generalized System of Preferences and other trade preference programs, such as the Andean Trade Preference Act (ATPA), until September 30, 2010. As passed by the House on February 27 and the Senate on February 28, the law extends only the ATPA for an additional ten months, until December 31, 2008 (P.L. 110-191). Therefore, the GSP and ATPA will expire at the end of 2008, unless renewed by Congress.
Author: Congressional Research Service Publisher: CreateSpace ISBN: 9781507544419 Category : Political Science Languages : en Pages : 36
Book Description
The U.S. Generalized System of Preferences (GSP) program provides non-reciprocal, duty-free tariff treatment to certain products imported from designated beneficiary developing countries (BDCs). The United States, the European Union, and other developed countries have implemented similar programs since the 1970s. The U.S. program was first authorized in Title V of the Trade Act of 1974, and is subject to periodic renewal by Congress. The GSP program was most recently extended until July 31, 2013, in Section 1 of P.L. 112-40, and has not been renewed. Imports under the GSP program in 2012 (last full year of GSP implementation) amounted to about $19.9 billion—about 6% of all imports from GSP countries, and about 1% of total U.S. imports. The expiration of GSP means that renewal of the program may continue to be a legislative issue in the 114th Congress. In recent years, GSP renewal has been somewhat controversial. In the 113th Congress, controversy arose over the funding provisions in Senate bill S. 1331 seeking to renew GSP. Other GSP legislation introduced in the 113th Congress included H.R. 2709, H.R. 2139, and H.R. 1682. The GSP program is one of several U.S. trade preference programs through which the United States seeks to help developing countries expand their economies. Other U.S. trade preference programs are regionally focused, and include the African Growth and Opportunity Act (AGOA), the Andean Trade Preference Act (ATPA, also expired in 2013), and the Caribbean Basin Initiative (CBI). The GSP program provides duty-free entry for over 3,500 products (based on 8-digit U.S. Harmonized Tariff Schedule tariff lines) from 122 BDCs, and duty-free status to an additional 1,500 products from 43 GSP beneficiaries that are additionally designated as least-developed beneficiary developing countries (LDBDCs). U.S. implementation of GSP requires that developing countries meet certain criteria to be eligible for the program. For example, countries must not have seized ownership or control of the assets of U.S. citizens or have harmed U.S. investors in other specified ways. Eligible countries must also be taking steps to maintain internationally recognized worker rights among other things. GSP rules of origin require that at least 35% of the appraised value of the product be the “growth, product, or manufacture” of the BDC. Third, the GSP program includes certain curbs on product eligibility intended to shield U.S. manufacturers and workers from potential adverse impact due to the duty-free treatment. These include specific exclusion of certain “import sensitive” products (e.g., textiles and apparel), and limits on the quantity or value of any one product imported from any one country under the program (products from least-developed beneficiaries are not subject to this restriction). Fourth, GSP country and product eligibility are subject to annual review. This report presents, first, recent developments and a brief history, economic rationale, and legal background leading to the establishment of the GSP. Second, the report presents a discussion of U.S. implementation of the GSP. Third, the report presents an analysis of the U.S. program's effectiveness and the positions of various stakeholders. Fourth, implications of the expiration of the U.S. program and possible options for Congress are discussed.
Author: Vivian C. Jones Publisher: ISBN: 9781457831638 Category : Languages : en Pages : 41
Book Description
The GSP program provides non-reciprocal, duty-free tariff treatment to certain products imported from designated beneficiary developing countries (BDCs), The U.S., the EU, and other developed countries have implemented similar programs in order to promote economic growth in developing countries by stimulating their exports. This report presents: (1) a brief history, economic rationale, and legal background leading to the establishment of the GSP; (2) a discussion of the implementation of the GSP by the U.S., along with the debate surrounding its renewal; (3) an analysis of the U.S. program's effectiveness and the positions of various stakeholders; and (4) implications of the expiration of the U.S. program. This is a print on demand report.
Author: United States. Congress. House. Committee on Ways and Means. Subcommittee on Trade Publisher: ISBN: Category : Developing countries Languages : en Pages : 192
Author: Sanchita Banerjee Saxena Publisher: Cambria Press ISBN: 1604978783 Category : Political Science Languages : en Pages : 260
Book Description
The general perception of the garment and textile industry in the global South is fueled only by images of dismal labor conditions and unsuitable factories, descriptions of labor clashes with police, and analyses of low wages and exploitative multinational corporations. This book presents an insightful perspective on the garment and textiles industries in Asia by highlighting that an industry fraught with competing concerns can, in fact, collaborate and work together when it is in the interest of both the state and interest groups to do so. This comparative study recognizes the role of both the state and interest groups in the policy making process and argues that they are interlinked and require one another for sustainable reforms. Employing original, in-depth research in three different countries, the study skillfully delves down deep beyond the macro statistics and commonly held images to cast light on some of the significant policy and attitudinal shifts that have occurred in this industry. It demonstrates that even though the struggle continues, it is important to recognize the improvements thus far and to work towards positive change. This book also takes a much larger historical view of the sector, arguing that manipulation of the trading regime has created and continues to create both incentives and disincentives for the various stakeholders involved in this industry. This book is is essential for students and researchers in policy studies, labor studies, South and Southeast Asian studies, international trade, and political science, as well as those engaged in program design and evaluation of projects focused on labor rights. This study is also critical for non-governmental organizations with a thematic focus on the garments and textiles industry, labor rights, human rights, and international trade policy, as well as for private sector organizations focused on improving labor conditions around the world. More information at http://www.cambriapress.com/books/9781604978780.cfm
Author: William H. Cooper Publisher: DIANE Publishing ISBN: 1437931774 Category : Languages : en Pages : 24
Book Description
This report provides analysis of U.S. trade policy including factors that make up the current economic and political climate, grade issues, the depate over U.S. trade policy. It concludes with an examination of some of the options available to Congress and the pros and cons of each.
Author: Loren Yager Publisher: DIANE Publishing ISBN: 1437903754 Category : Languages : en Pages : 94
Book Description
U.S. trade preference programs promote economic development in poorer nations by providing export opportunities. The Generalized System of Preferences, Caribbean Basin Initiative, Andean Trade Preference Act, and African Growth and Opportunity Act unilaterally reduce U.S. tariffs for many products from over 130 countries. However, 3 of these programs expire partially or in full in 2008, and Congress is exploring options as it considers renewal. This report reviews the programs¿ effects on the U.S. and on foreign beneficiaries¿ exports and development, identifies policy trade-offs concerning these programs, and evaluates the overall U.S. approach to preference programs. Includes recommendations. Charts and tables.
Author: Vivian Jones
Author: Vivian Jones
Author: 
Author: Congressional Research Service
Author: Vivian C. Jones
Author: American Enterprise Institute for Public Policy Research
Author: United States. Congress. House. Committee on Ways and Means. Subcommittee on Trade
Author: 
Author: Sanchita Banerjee Saxena
Author: William H. Cooper
Author: Loren Yager