World Video | Defence | Foreign Affairs | Natural Events | Trade | NZ in World News | NZ National News Video | NZ Regional News | Search

 


US Considering Changes to Preferential Tariff Prog

U.S. Considering Changes to Preferential Tariff Program

USTR says one goal is to distribute the benefits more equally

By Bruce Odessey
Washington File Staff Writer

Washington -- The U.S. Generalized System of Preferences (GSP), a program of preferential tariffs for imports from select developing countries, is undergoing review in part to distribute benefits more equally, the Office of the U.S. Trade Representative (USTR) says.

In an October 6 press release, USTR said it would consider whether some countries have become so competitive in trade through increased exports that they no longer need GSP benefits.

USTR said that the top 10 beneficiary countries accounted in 2004 for 70 percent of the trade benefits, by trade volume of nonpetroleum GSP imports, while the remaining 129 beneficiary countries shared the rest.

The top 10 countries were listed as India, Brazil, Thailand, Indonesia, Turkey, Philippines, South Africa, Venezuela, Argentina and Russia. Altogether the 139 beneficiary countries exported more than $22 billion worth of goods to the United States duty free in 2004, USTR said.

The issue arises now because GSP authorization is scheduled to expire at the end of 2006. Before Congress considers reauthorization, USTR wants to consider whether to recommend changes on eligibility, effectiveness and duration, the agency said.

"Finding ways to ensure that countries share more equally in the benefits is a major objective," U.S. Trade Representative Rob Portman said in the release.

© Scoop Media

 
 
 
 
 
World Headlines

 

At The UN: Paris Climate Agreement Moves Closer To Entry Into Force

The Paris Agreement on climate change moved closer toward entering into force in 2016 as 31 more countries joined the agreement today at a special event hosted by United Nations Secretary-General Ban Ki-moon. More>>

ALSO:

ALSO:

Gordon Campbell: On The End Game In Spain (And Other World News)

The coverage of international news seems almost entirely dependent on a random selection of whatever some overseas news agency happens to be carrying overnight... Here are a few interesting international stories that have largely flown beneath the radar this past week. More>>

Amnesty/Human Rights Watch: Appalling Abuse, Neglect Of Refugees On Nauru

Refugees and asylum seekers on Nauru, most of whom have been held there for three years, routinely face neglect by health workers and other service providers who have been hired by the Australian government, as well as frequent unpunished assaults by local Nauruans. More>>

ALSO:

Other Australian Detention

Gordon Campbell: On The Censorship Havoc In South Africa’s State Broadcaster

Demands have included an order to staff that there should be no further negative news about the country’s President Jacob Zuma, and SABC camera operators responsible for choosing camera angles that have allegedly made the President ‘look shorter’ were to be retrained... More>>

ALSO:

Gordon Campbell: On A Bad Week For Malcolm Turnbull, And The Queen

Malcolm Turnbull’s immediate goal – mere survival – is still within his grasp... In every other respect though, this election has been a total disaster for the Liberals. More>>

ALSO:

Gordon Campbell: On Bidding Bye Bye To Boris

Boris Johnson’s exit from the contest for Conservative Party leadership supports the conspiracy theory that he never really expected the “Leave” option to win the referendum – and he has no intention now of picking up the poisoned chalice that managing the outcome will entail... More>>

ALSO:

Get More From Scoop

 
 
 
 
 
World
Search Scoop  
 
 
Powered by Vodafone
NZ independent news