GSP Enforcement and Future Under President Trump
Webinar: 1 CCS Credit
The Trump administration has announced that countries benefiting from the Generalized System of Preferences will be subject to heightened scrutiny to ensure that countries that “are not playing by the rules” do not receive U.S. trade preferences. Importers facing a similar enforcement focus must take steps to ensure that GSP claims are made using reasonable care; i.e., that goods satisfy all program requirements and are shipped from a GSP-eligible country and that compliance can be fully documented. Failure to do so can result in significant increases in duties as well as penalties. This webinar will review the current GSP enforcement environment and what importers can do to steer clear of problems.
- Trump administration’s GSP enforcement posture
- detailed review of GSP requirements, including the “product of,” direct import, and minimum value content requirements
- documentation necessary to support each requirement
- recent CBP rulings relating to GSP
- current legislative status of GSP and recent actions relating to India and Turkey
LARRY T. ORDET is a member of Sandler, Travis & Rosenberg, P.A., resident in the Miami office, and serves on the Firm’s Operating Committee. Mr. Ordet concentrates his practice on general customs compliance matters, with particular emphasis on tariff classification, NAFTA duty deferral and preference program qualification issues. He has worked extensively on WCO tariff classification issues involving the modification of the Harmonized System and related Explanatory Notes.