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Examples of goods that currently are
GSP-eligible include travel sets, plastic
kitchen articles, a variety of glasswares
and home decorative objects, ballpoint
pens, certain athletic equipment and var-
ious bathroom articles. GSP-eligible
countries (also called a Beneficiary
Developing Country, or BDC) include
the Philippines, Thailand, Indonesia,
India, Egypt, Cambodia, Brazil,
Paraguay and Uruguay.
The GSP statute has been on the
books since 1976. It periodically expires
and is typically renewed. The GSP last
expired on July 31, 2013 and was
renewed as a result of the Trade
Preferences Extension Act of 2015,
which became effective July 29, 2015.
PRODUCT RESPONSIBILITY
THE GSP IS BACK
WHAT YOU SHOULD KNOW ABOUT DUTY-FREE IMPORTS AND RETROACTIVE REFUNDS
BY ROBERT STANG
NOVEMBER 2015 •
PPB
• 63
THINK
HE GENERALIZED SYSTEM OF
PREFERENCES
(GSP) is a law providing duty-
free status to more than 3,500 diverse products that
qualify as GSP-eligible and are imported directly from a GSP-
eligible country.
T