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Extension of the
Generalized System of Preference ("GSP")
Further to our company·s Newsletter issued on December
4, 2006 containing information on the expiration of the Generalized
System of Preference (·GSP), please be advised that earlier
today President Bush signed H.R. 6111 granting its extension.
The GSP has now been extended to December 31, 2008.
·
Amendments to
the HTSUSA
·
Reliquidation
of certain products
·
Technical corrections to the
Tariff Act of 1930
·
Extension of nondiscriminatory
treatment (Normal Trade Relations (“NTR”) treatment)
to the products of Vietnam
·
Extension of the Andean Trade
Preference Act/Andean Trade Promotion and Drug Eradication Act
to June 30, 2007
·
Technical corrections to the
African Growth and Opportunity Act
·
Extension and addition of certain
products qualifying for duty free treatment under Chapter 99 HTSUSA
provisions.
To see
H.R. 6111 in its entirety, it is available at:
http://frwebgate.access.gpo.gov/cgi-bin/getdoc.cgi?dbname=109_cong_bills&docid=f:h6111enr.txt.pdf
Important
Note: Please note that any eligible GSP
qualifying county can be excluded from the GSP program if it is
determined that the country has become sufficiently developed
or competitive, either as a whole or with respect to one or more
of its products. For more information on country and product
eligibility and Competitive Need Limits (“CNL”), please
visit the USTR’s website at:
http://www.ustr.gov/Trade_Development/Preference_Programs/GSP/Section_Index.html.
For further
details concerning the above referenced information, please consult
with your local James J. Boyle & Co. office listed below.
Sincerely,
James J. Boyle & Co.
Monterey Park Office
Greg Kodama
President
The
information accompanying this webpage contains confidential
information. The information is intended only for the use of
customers of James J. Boyle & Co. You are hereby notified that
any disclosure, copying, distribution or the taking of any action in
reliance on the content of this information is strictly prohibited.
James J. Boyle & Co. will also not be held accountable for any
discrepant information. The service we provide is based on our
"Terms and Conditions of Service", which is available upon
request.
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