ITC report outlines effects of duty-free entry for goods under GSP
The U.S. International Trade Commission has publicly released its report measuring the probable economic effects of providing duty free treatment under the Generalized System of Preferences.
GSP provides duty-free admission on U.S. imports of approved goods from developing countries.
The ITC report provided the Office of the U.S. Trade Representative with advice on the likely impact on competing U.S. industries of the addition of six Harmonized Tariff Schedule subheadings to the list of articles eligible for GSP and the removal of two HTS subheadings from duty-free status from certain beneficiary developing countries.
The subheadings considered for addition to GSP include and studied in the ITC report include:
' 2917.12.10 (adipic acid).
' 4412.39.5030 (certain plywood sheets).
' 7601.10.30 (certain unwrought aluminum, not alloyed).
' 7601.20.30 (certain unwrought aluminum, alloys).
' 7604.21.00 (certain aluminum bars, rods, and profiles).
' 8111.00.4910 (manganese metal powder).
HTS subheadings being considered for removal from GSP and covered by the ITC’s report are:
' 2931.00.90 from India (certain other organo-inorganic compounds).
' 3920.62.00 from Brazil (polyethylene terephthalate film).
The ITC submitted a confidential version of the report to the USTR on Dec. 19.
To view the public version of the report, “Advice Concerning Possible Modifications to the U.S. Generalized System of Preferences, 2007 Review of Additions and Removals” (Investigation No. 332-493, Publication 3982, January 2008), access the ITC’s Web link: hotdocs.usitc.gov/docs/pubs/332/pub3982.pdf.