U.S. importers utilizing the Generalized System of Preferences (GSP) program should note the U.S. Trade Representative office (USTR) announced that the U.S. will terminate GSP Designation of India and Turkey.
The action was taken as a result of the U.S. determining that Turkey’s economy has developed to an extent that it should no longer benefit from preferential market access. It was determined that India has not provided “equitable and reasonable access to its markets in numerous sectors”.
President Donald Trump notified Congress on March 4, 2019. Once the governments of India and Turkey are notified, and after the 60-day waiting period, the termination will be enacted by a presidential proclamation.
Importers currently utilizing GSP benefits from these countries should consider this information with regard to future import activity.
Please contact your local Delmar representative or email our U.S. Customs Advisory Services Group for additional information and assistance.