GSP Duty Preference Changes Under Consideration
Some products could be removed from duty-free treatment under the Generalized System of Preferences while others could retain or be reinstated to GSP eligibility under possible changes under consideration by the International Trade Commission. Comments on these changes are due to the ITC by July 8.
The ITC is investigating the probable economic effect of the following possible changes to GSP duty-free treatment.
- removing GSP eligibility for HTSUS subheadings 3907.61.00 and 3907.69.00 (polyethylene terephthalate) from Pakistan
- waiving the competitive need limitations (and thus continuing GSP eligibility) for HTSUS subheadings 3823.11.00 (stearic acid) from Indonesia and 9001.50.00 (spectacle lenses of materials other than glass, unmounted) from Thailand
- redesignating as eligible for GSP treatment HTSUS subheadings 0603.13.00 (fresh cut orchids) from Thailand, 4412.10.05 (plywood of bamboo) from Indonesia, 4412.31.4155 (plywood sheets with specified tropical wood outer ply) from Indonesia, and 4418.73.40 (assembled flooring panels of bamboo) from Indonesia
Written comments on these potential changes are due by July 8. In addition, the ITC will hold a public hearing July 2 and will accept requests to appear at this hearing through June 18. The ITC expects to submit its confidential report to the Office of the U.S. Trade Representative by Sept. 7 and to issue an unclassified version of that report as soon as possible thereafter.
For more information on GSP and how the proposed changes may affect your business, please contact trade consultant Nicole Bivens Collinson at (202) 730-4956.