We are writing to let you know that the United States Trade Representative (“USTR”) has announced its 2016-17 annual product review for the Generalized System of Preferences (“GSP”) trade preference program (see Federal Register notice).
As you know, the GSP program affords certain articles produced in specific developing countries preferential trade treatment upon importation into the United States. Although GSP expired on July 31, 2013, as we reported last year, the President signed into law the Trade Preferences Extension Act of 2015 (“the Act”). Title II of the Act authorized the renewal of the GSP through December 31, 2017.
As with the 2015-16 review, USTR announced that it will accept petitions to modify the list of articles eligible for duty-free treatment under the GSP program (i.e., designate additional articles as eligible for GSP benefits, suspend the application of GSP benefits for certain articles, or otherwise modify GSP coverage).
Additionally, the USTR announced that it will now accept petitions seeking to add various travel goods, classified under heading 4202, HTS (e.g., handbags, briefcases, backpacks, suitcases, sports bags, camera cases, etc.) from “generally more advanced, beneficiary countries”. As you recall, during the 2015-16 review the President designated various travel goods from least-developed beneficiary developing countries and AGOA beneficiary countries as eligible for duty-free treatment, but deferred the designation of travel goods from “generally more advanced, beneficiary countries”.
Both petitions to modify the list of articles eligible for duty-free treatment, as well as petitions seeking to include certain travel goods under the GSP program for 2016-17 must be submitted by October 4, 2016.
If you have any questions about this opportunity, or would like any assistance identifying products that may be eligible, please let us know.
Ted & Chris