REMINDER: Congress Allows GSP to Expire, Meaning Full Duties on U.S. Imports from GSP Countries Starting Jan. 1
On Dec. 21, Congress adjourned for the year without extending the Generalized System of Preferences (GSP) trade preference program. As a result, GSP expired on Dec. 31, 2020, meaning that U.S. travel goods imports from a wide range of developing countries, including Thailand, Cambodia, Burma (Myanmar), Indonesia, Sri Lanka, the Philippines, and Pakistan no longer enter the U.S. duty-free starting Jan. 1, 2021. In response, U.S. Customs and Border Protection (CBP) issued the following instructions, which enables importers to retain the right to collect refunds of duties paid if GSP is retroactively renewed. In the first eleven months of 2020, U.S. travel goods imports from GSP countries increased 10.7%, supplying 15.0% of all U.S. travel goods imports during that period. TGA urges you to write your members of Congress to urge them to retroactively renew GSP as soon as possible. It only takes a couple of minutes.