GSP “Competitive Need Limitations” import statistics | KPMG | GLOBAL

GSP “competitive need limitations” import statistics, 2017 trade levels

GSP “competitive need limitations” import statistics

The Office of the United States Trade Representative (USTR) today released for publication in the Federal Register a notice of import statistics for the first nine months of 2017 relating to competitive need limitations (CNLs) under the Generalized System of Preferences (GSP) program. The import statistics identify some articles for which the 2017 trade levels may exceed statutory CNLs.

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In August 2017, the USTR said it would announce the procedures for petitions requesting waivers of CNLs. Today’s notice [PDF 194 KB] sets forth those procedures.

The import statistics may be useful in deciding whether to submit a petition to waive the CNLs for individual beneficiary developing countries with respect to specific GSP-eligible articles. The USTR will announce decisions on the petitions accepted for review, a schedule for any related public hearings, and the opportunity to provide comments.

 

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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