GSP Update

Congress has introduced legislation (H.R. 2709) to extend GSP through September 2015. GSP is currently due to expire July 31, 2013. It is unclear whether Congress will act in time to pass the new legislation prior to the August recess. We urge our importers to e-mail their representatives using this helpful link.

If GSP does not pass prior to the expiration date, duties will need to be paid on GSP goods. The entries will continue to be flagged with the “A” indicator so that in the event that GSP is renewed retroactively, Customs can automatically issue refunds.

We will continue to keep you updated on this vital issue.