Trade Policy Staff Committee Announces Changes to Generalized System of Preferences (GSP) Program

Summary

The Trade Policy Staff Committee recently announced changes to the Generalized System of Preferences (GSP) program, including the elimination of the 2001 De Minimis Waiver and Redesignation Reviews, the termination of GSP eligibility for products exceeding competitive need limitations, and the designation of Georgia as a beneficiary developing country. These changes aim to improve the competitiveness of U.S. exports to developing countries.