Americas GSP caught in legal limbo

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.

  • Financial Times 01/09/99 page 7

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