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Certain sleeping bags lose GSP favor
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Friday, December 30, 2011
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Based on its annual review of the Generalized System of Preferences (GSP), the White House determined only one product – certain non-down sleeping bags – should be removed from eligibility for duty-free treatment in the trade program. However, a petition to remove GSP duty-free treatment for two types of self-adhesive plastic tape was denied. Congress created the GSP program in the 1974 Trade Act to help developing countries expand their economies by allowing certain g...
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