USTR Announces GSP Updates following Annual Review
The office of the United States Trade Representative (USTR) announced findings and updates to the Generalized Systems of Preference (GSP) as part of the program’s annual review process. GSP is a U.S. trade program designed to promote economic growth in developing countries.
The announcement provides guidance and updates impacting several parts of the program, including:
- Revoked GSP benefits: Certain products imported from Thailand under GSP preferential treatment will be removed from eligibility. A full list of revoked products be found here.
- Removed GSP benefits: Parboiled rice (HTS 1006.30.10) is removed from the GSP eligibility list for all beneficiary countries. More information can be found here.
- Added GSP benefits: Fresh-cut roses (HTS 0603.11.00) has been added to the GSP eligible products list for all GSP beneficiary countries. More information can be found here.
- De Minimis CNL waiver decision: Competitive Need Limitations (CNLs) have been waived for products in which total imports of the article did not exceed $24.5 million. A detailed list can be found here.
- CNL removal decision: Six products from Argentina, Brazil, Ecuador, and Indonesia were removed as they exceeded the $190 million CNL threshold for imports from a single country. A detailed list can be found here.
- Continued GSP benefits: The country of Georgia, Uzbekistan, and Indonesia will continue to receive GSP preferential treatment.
With respect to goods entered for consumption, or withdrawn from warehouse for consumption, on or after the mentioned effective date, the Automated Commercial Environment (ACE) will be updated to accept and process related GSP claims.
You can view the full announcement from CBP here.
Trans-Border will continue to monitor this developing situation and provide updates as needed. If you have any questions, please reach out to at email@example.com or (800) 493-9444.