(Office of the U.S. Trade Representative)
The Office of the United States Trade Representative (USTR) announced today the outcome of the Trump Administration’s Annual Review under the Generalized System of Preferences (GSP). Annual Review outcomes include the launch of a self-initiated country practice review of Bolivia’s compliance with the GSP eligibility criteria related to child labor and changes to the list of products eligible for GSP treatment.
“The Trump Administration is committed to vigorously enforcing the eligibility criteria of our trade preference programs,” said U.S. Trade Representative Robert Lighthizer. “Trade under GSP provides strong incentives for developing countries to make market-oriented reforms and provide greater access for American goods and services. The actions announced today are aimed at strengthening our trade enforcement efforts and supporting U.S. manufacturing.”
The Administration’s announcement on GSP will:
1) Launch a self-initiated review of Bolivia’s compliance with the GSP eligibility criteria related to child labor, the first such self-initiation of a review in this century;
2) Remove certain products from the GSP program where the country is sufficiently competitive and no longer needs tariff preferences to compete in the U.S. market;
3) Add certain travel goods to the list of eligible products for all GSP countries where there is currently minimal U.S. production of these products; and
4) Add several non-import sensitive products to GSP, all of which are used as inputs in U.S. manufacturing.
The full results of the GSP 2016/2017 Annual Review are available here and will also be announced in the Federal Register. Click here to read more.