Industry News

Travel Goods Now Eligible for GSP BenefitsJune 29, 2017

On June 29, 2017, President Trump signed a proclamation conferring GSP benefits on all travel goods, as well as several other imported articles. According to the USTR’s office, the trade balance will remain unaffected by the decision, although it may streamline goods supply chains and encourage foreign producers to relocate to GSP-eligible countries.