GSP product review: Competitive needs limitations, five cotton products

GSP review: Competitive limitations, 5 cotton products

The Office of the U.S. Trade Representative (USTR) has released for publication in the Federal Register a notice announcing a review of products under the generalized system of preferences (GSP) program that, based on full-year 2014 import data, are subject to certain actions related to competitive need limitations (CNLs). The review will also consider the proposed designation for GSP eligibility of five cotton products from “least developed beneficiary developing countries.”

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The USTR notice [PDF 208 KB] provides the deadline for petitions by interested parties seeking waivers of CNLs for certain products is 31 July 2015.

The USTR will also accept comments from the public submitted by 31 July 2015, regarding: (1) possible de minimis CNL waivers, (2) possible re-designations of articles not currently eligible for GSP benefits, (3) possible revocation of CNL waivers, and (4) the proposed designation for GSP eligibility for “least developed beneficiary developing countries” of the five cotton products.

For more information, contact a professional with KPMG’s Trade & Customs practice:

Douglas Zuvich | +1 (312) 665-1022 | dzuvich@kpmg.com

Andrew Siciliano | +1 (631) 425-6057 | asiciliano@kpmg.com

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