GSP

Jun 22

0

GSP Fashion Accessories Decision Expected Soon

By Ken Obrien | Washington Newsline | No Comments

FASA/Gemini has been closely tracking the process to add 28 categories of fashion accessories to the Generalized System of Preferences (GSP) program. FASA/Gemini expects a decision to come before the end of the month and are hopeful that such a designation will add all 28 categories as eligible to be imported duty free from all GSP countries. While we believe the record points conclusively to this hope, we will not know for sure until the designation is announced. The President has the discretion to allow the decision to enter into force at any date. While the January Federal Register notice on the process indicated that the effective date would be July 1, 2016, President Obama has the authority to designate future dates or even delay the decision. FASA/Gemini is strongly urging the U.S. government to issue its decision effective July 1. Moreover, on June 17, nine bipartisan House members sent a letter expressing their hope that the President would designate all products for all countries, effective July 1. A number of other Members of Congress and staff have also been echoing these points in emails, phone calls, and meetings with U.S. government officials. We will continue to track this closely and report back as events merit.

Mar 01

0

FASA/Gemini Testifies in Support of Adding Fashion Accessories to GSP

By Ken Obrien | Washington Newsline | No Comments

On February 24, FASA/Gemini testified before the U.S. International Trade Commission (ITC) urging the U.S. government to accept all petitions to add fashion accessories to the Generalized System of Preferences (GSP) program. Shortly after the testimony, FASA/Gemini joined a broad coalition of 23 industry organizations in a letter to the U.S. government in support of the petitions. A government decision on the petitions is expected in June. If the U.S. government approves the petitions, U.S. imports of fashion accessories from GSP-eligible developing countries – including the Philippines, Thailand, Cambodia, India, and Brazil – should be able to enter duty-free as of July 1, 2016.

Jan 22

0

Trade – U.S. Government Hearings on GSP & Fashion Accessories

By Ken Obrien | Public News, Washington Newsline | No Comments

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The U.S. International Trade Commission (USITC) scheduled hearings for February 24 to study the economic impact of adding fashion accessories (HTS Heading 4202) to the Generalized System of Preferences (GSP) program. The USITC hearings follow last week’s announcement that the U.S. Trade Representative (USTR) has also scheduled hearings for March 3-4 to review the addition of fashion accessories to the GSP program. The U.S. government is expected to announce a final decision on whether allow U.S. imports of fashion accessories to enter duty-free under GSP in June 2016. If approved, FASA/Gemini members could start importing fashion accessories duty-free under GSP as soon as July 1, 2016. This initiative, on which FASA/Gemini has helped lead the industry coalition, could generate as much as $75 million in duty savings for the industry during the first year it takes effect. FASA/Gemini members who wish to participate or learn more about the hearings should contact FASA/Gemini’s Nate Herman, 202-835-9351.

GSP Fashion Accessories Decision Expected Soon

FASA/Gemini Testifies in Support of Adding Fashion Accessories to GSP

Trade – U.S. Government Hearings on GSP & Fashion Accessories

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