01 September 1999
Americas GSP caught in legal limbo
AMERICAS General System of Preferences (GSP) – which permits an array of imports from poorer states to enter the US duty free – is in danger of being caught out by the legislative process, according to the Financial Times.
The newspaper finds that industry groups are worried that a legislative logjam could delay authorisation until next year.
The total value of imports receiving duty-free benefits under GSP amounted to $16.3bn in 1998.
Among the products covered were agriculture and food products worth over $700m in that year.