When was Thailand removed from GSP?

On 30 October 2020, the UTSR announced the results of such a review. In its announcement the UTSR confirmed the removal of certain Thai-origin goods from the GSP, covering $817 million in trade preferences, citing Thailand had failed to provide the US with equitable and reasonable market access for pork products.

Is Thailand still a GSP country?

The Office of the United States Trade Representative (USTR) announced the suspension of $817 million in trade preferences for Thailand under the Generalized System of Preferences (GSP) program “based on its lack of sufficient progress providing the United States with equitable and reasonable market access for pork …

Is GSP 2021 reinstated?

Not successful in renewing the GSP program in 2020, as expected there is a push to renew GSP in Congress in 2021. The Senate passed a renewal provision within their China competitiveness package in early June of 2021.

Is Indonesia eligible for GSP?

The US extended Indonesia’s Generalized System of Preference (GSP) status in early November 2020, meaning thousands of Indonesian exports to the US are duty-free.

Is Indonesia a GSP country?

Indonesia first received the GSP facility from the US in 1980. Based on statistics from the United States International Trade Commission (USITC), Indonesia’s exports under the GSP facility reached US$2.61 billion in 2019.

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When was India removed from GSP?

India’s GSP benefits were terminated in June 2019. Consequently, special duty treatment on US$5.6 billion worth of exports to the US was removed, affecting India’s export-oriented sectors such as pharmaceuticals, textiles, agricultural products and automotive parts.

Is the Philippines a GSP country?

There are currently eight (8) beneficiary countries of GSP+, namely, Armenia, Bolivia, Cape Verde, Kyrgyzstan, Mongolia, Pakistan, Philippines, and Sri Lanka. How has the Philippines benefitted from GSP+?

Is Brazil GSP?

In 2019, the top five BDCs in terms of U.S. imports entering under GSP were Thailand, India, Indonesia, Brazil, and the Philippines.

Is Kenya a GSP country?

Kenya is a beneficiary of the EU’s Standard GSP. The World Bank classifies Kenya as a lower middle-income country with a per capita income of $1,750 (2019). In 2019, the EU imports from Kenya summed up to €1.3 billion, of which about one third are eligible for GSP reduced tariffs.

Is China eligible for GSP?

Finally, the greatest beneficiary of this proposal would be China. While not GSP-eligible, China would indirectly benefit from a GSP expansion as a supplier of component parts to numerous nations that do qualify under the program. … For these reasons, Congress should reject any effort to expand GSP.

Is India under GSP?

President Donald Trump last year terminated India’s designation as a beneficiary developing nation under the key GSP trade programme after determining that it has not assured the US that it will provide “equitable and reasonable access” to its markets.

What is GSP+ status?

GSP+ : the special incentive arrangement for sustainable development and good governance. It slashes these same tariffs to 0% for vulnerable low and lower-middle income countries that implement 27 international conventions related to human rights, labour rights, protection of the environment and good governance.

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Is Myanmar a GSP country?

Myanmar was designated a GSP beneficiary in 1976 when the program was created. The US suspended Myanmar from GSP on July 1, 1989. Myanmar requested reinstatement in the GSP program in 2013. The US determined that Myanmar has made sufficient progress to be eligible for restoration of GSP benefits.