US Suspends GSP Status on $1.3 Billion Worth of Goods from Thailand

 In Industry Insider, Industry News

Last year, President Trump issued a Presidential Proclamation withdrawing the duty-free treatment on $1.3 billion worth of goods from Thailand under the Generalize System of Preferences (GSP). The GSP gives status to developing countries to grant them easier access to US markets, including allowing the import of many goods duty-free.

That Proclamation went into effect on April 25, 2020, and a list of products excluded from GSP eligibility for Thailand can be found here.

If you have questions regarding the decisions, please reach out to the Trade Agreement Branch of CBP at FTA@cbp.dhs.gov. If you have any additional questions, please reach out to Bill Carey, Trans-Border’s Import Compliance Manager, at bcarey@tbgfs.com or (800) 493-9444.