GSP program successful in trade ties with developing world
21 Dec '06
2 min read
Susan C. Schwab
“Congress provided new guidance to address product competitiveness when it extended the program. We will ensure that the program adapts so that it continues to assist developing countries in becoming more active participants in the global trading system.”
USTR expects to issue a Federal Register notice in late February 2007, when full-year 2006 data are available, that will identify those waivers that meet either of the new thresholds and thus subject to potential revocation.
Based on available January through October 2006 import data, a preliminary assessment of the CNL waivers meeting the new statutory thresholds are: Brazil - brakes and brake parts ($242 million) and ferrozirconium ($ 0.7 million); Cote d'Ivoire-kola nuts ($4 million); India-gold jewelry ($1.6 billion) and brass lamps ($20 million); Philippines-wiring harnesses ($329 million); Thailand-gold jewelry ($611 million); and Venezuela-methanol ($242 million).
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