GSP Program Expires

The Generalized System of Preferences program expired July 31st despite efforts to pass legislation to extend the program to September 2015. Chances of renewal are slim at this point since Congress adjourns for its summer recess on August 2nd. They are not back in session until after Labor Day, so importers can expect to pay duties on GSP merchandise for at least the next month. Entries will continue to be flagged with the special program indicator “A” so that in the event GSP is renewed retroactively, Customs will issue automatic refunds.

We recommend that you visit Renew GSP Today to make your voice heard for GSP renewal efforts.