In connection with the annual review of product eligibility under the Generalized System of Preferences, the International Trade Commission has instituted an investigation of the following potential changes to GSP eligibility.
- addition of roses (HTSUS 0603.11.00, 0603.11.0010, 0603.11.0030, and 0603.11.0060) to the list of eligible goods
- removal of rice (HTSUS 1006.10.00, 1006.20.20, 1006.20.40, 1006.30.10, 1006.30.90, and 1006.40.00) from the list of eligible goods
The ITC will hold a virtual public hearing on these changes June 19. Pre-hearing briefs and statements are due by June 3, and post-hearing briefs and statements are due June 29. The ITC expects to submit its final report to the Office of the U.S. Trade Representative by Aug. 31. Any modifications to the list of GSP-eligible articles resulting from this review are expected to be proclaimed by the president by Nov. 1.
For more information on GSP and how the proposed changes may affect your business, please contact David Olave. Click here to register for ST&R’s upcoming webinar on cost savings through GSP.
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