Cambodia became a GSP beneficiary in 1997 and in 2016 exported nearly $179 million duty free to the United States under the program. … Under the GSP program, certain products from 120 beneficiary developing countries and territories can enter the United States duty-free.
What countries are on the GSP list?
The following 15 countries grant GSP preferences: Armenia, Australia, Belarus, Canada, the European Union, Iceland, Japan, Kazakhstan, New Zealand, Norway, the Russian Federation, Switzerland, Turkey, United Kingdom and the United States of America.
Is Cambodia Duty Free to US?
“It is no coincidence that Cambodia’s exports to the US continue to grow. … The US government has been providing duty-free access for exported Cambodian travel goods such as suitcases, backpacks, handbags and wallets under the GSP since July 2016.
Is Thailand a GSP country?
The program expired on December 31, 2020, before Congress passed legislation to reauthorize it. Currently, 119 developing countries and territories are GSP beneficiary developing countries (BDCs). … Thailand’s GSP benefits were partially suspended in 2019 and 2020 for worker rights and market access issues, respectively.
What is GSP eligibility?
In order to be imported under GSP, a product must be imported directly from a BDC that is eligible for GSP treatment for that product. At least 35% of the value of an eligible product must be produced in a BDC, or in two or more countries that are part of a GSP-recognized association of countries.
Is Lebanon a GSP country?
Lebanon is a major beneficiary of GSP, with the opportunity to export approximately 3,500 products to the United States duty-free under the GSP program.
What is a GSP country?
U.S. trade preference programs such as the Generalized System of Preferences (GSP) provide opportunities for many of the world’s poorest countries to use trade to grow their economies and climb out of poverty. GSP is the largest and oldest U.S. trade preference program.
What language do they speak in Cambodia?
The Khmer language, the national language of Cambodia, is a member of the Mon-Khmer family of languages spoken over vast area of mainland South-East Asia.
What religion is Cambodia?
The constitution states Buddhism is the state religion, and it is promoted by the government through holiday observances, religious training, Buddhist instruction in public schools, and financial support to Buddhist institutions.
Is Indonesia GSP?
The US extended Indonesia’s Generalized System of Preference (GSP) status in early November 2020, meaning thousands of Indonesian exports to the US are duty-free.
Is Singapore a GSP country?
With effect from 1 Jan 2014, Singapore has been removed from regional Group I of the EU GSP.
Is Indonesia a GSP country?
Indonesia first received the GSP facility from the US in 1980. Based on statistics from the United States International Trade Commission (USITC), Indonesia’s exports under the GSP facility reached US$2.61 billion in 2019.
What is a beneficiary country?
Any country, territory, or successor political entity to which there is, in effect, a proclamation by the President designating such as a beneficiary country entitled to special tariff treatment.
Is Vietnam a GSP country?
The EU market Vietnam does not benefit from GSP+ status. However, it is on the list of GSP countries. Import duties for seafood apply and vary depending on the species and product to be imported.
What is GSP full form?
GSP full form is Generalized System of Preferences is a unique tariff system extended to developing countries by developed countries. … It allows low to zero tariff imports from developing countries making it a preferential agreement.