TGA Urges Congress to Renew GSP
On November 30, TGA joined over 300 organizations, including many TGA members, in urging Congress to renew the Generalized System of Preferences (GSP) program. If not possible, the letter urges Congress to approve the GSP “Refund-Only” bill (H.R. 8906), which would immediately refund to TGA members the duties paid on U.S. travel goods imports from GSP countries from January 1, 2021 to August 30, 2022, to provide some immediate relief to our industry as we wait for Congress to conclude its negotiations over GSP renewal. GSP provides duty-free access to the U.S. market for travel goods from developing countries (Cambodia, Indonesia, Myanmar, the Philippines, Sri Lanka, Pakistan, Thailand, etc.). Today, GSP countries supply 20% of all U.S. travel goods imports.