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FAQ’s on GSP Renewal

Please refer to the FAQ’s on GSP renewal.>>> faq_gsp

It’s not known at this point whether or not GSP will renew again.

However, legislation that would renew the Generalized System of Preferences (GSP) was introduced in Congress on April 16, 2015.

If passed, this legislation would reinstate GSP retroactively and allow importers to receive refunds of duty paid on shipments since its expiration on July 31, 2013. The legislation introduced would extend GSP through Dec. 31, 2017.

http://renewgsptoday.com/2015/04/16/senate-house-trade-leaders-introduce-bill-to-renew-gsp

We will continue to monitor the situation closely.