The U.S. House Wednesday evening approved a retroactive renewal of the Generalized System of Preferences. GSP, which allows for duty-free treatment of certain goods from developing countries, was allowed to expire by Congress on Dec. 31. Since GSP's expiration, it's estimated that U.S. importers pay as much as $2 million a day in duties, according to the Coalition for GSP. Nearly 130 countries and territories maintain GSP status with the United States. GSP applies to ...