House Passes GSP as GSP-Eligible Imports Continue to Decline

U.S. imports eligible for GSP from January through July 2011  continue to drop. For all GSP-eligible items from the 129 GSP countries, imports are down 20.1 percent as compared to the same period last year. This, again, is in stark contrast to the double-digit, 16.9 percent increase in all U.S. imports from January through June 2011.

For the eleven nations working together through the Coalition
of GSP Countries to advocate for GSP renewal, here are the worst impacts created by the lack of GSP duty-free entry into the U.S. market. All percentages are the comparison in import values between January-July 2011 and January-July 2010:

Fiji:  Clearly, Fiji’s farmers are losing U.S. markets for their products, such as frozen cassava, frozen dasheens, and preserved ginger root (down 72 percent). Organic soaps and bath preparations have dropped by as much as 73 percent.

Indonesia: Even mainstay radial tires have experienced a decrease in this seven-month period. Silver and gold jewelry imports continue to drop by more than a third, despite the increased raw material costs. Sports gloves are down by 14.2 percent.

Kosovo:  Dropping to zero U.S. imports, with the lack of GSP, are plastic and wood tableware and kitchenware.

Mongolia:  Smaller-scale manufactures such as leather belts, wood prefab buildings, sugar syrups, and other food items have declined to zero.

Nepal: Traditional industries that are essential to Nepal’s economy have taken a hit. Gold, silver and presentation jewelry have declined by as much as 24 percent.
Labor-intensive carpet-making is down by 79.5 percent and silk-blend shawls by 40 percent.

Paraguay: Plywood sheets continue their decline (77.2 percent) as have saddles and harnesses of any material (down by 27.9 percent) and certain animal products (75.7%).

Philippines: GSP-eligible imports of activated carbon (based on palm cultivation) continue to drop (down 14.6 percent); metal locks, static converters, and auto antennas have also experienced declines.

Sri Lanka: Construction tires are down by just under 30 percent and 34 percent, depending on their size; activated carbon from Sri Lanka mirrors the trend from the
Philippines and is down by 17.5 percent; sports gloves are down by 17.6 percent; and gold jewelry has dropped by just under 41 percent. Imports of porcelain or china household and kitchenware, a high-tariff item of 24 percent, are down
32.7 percent.

Thailand: Auto airbags are down by 22 percent, microwave ovens down 46.4 percent, and fans down 28.3 percent.

Timor Leste: No current U.S. imports under GSP.

Uruguay: Upholstery leather is down by nearly 40 percent; plywood sheeting (8 percent tariff) has declined by 30.2 percent, and, like Kosovo, imports of plastic tableware and kitchenware declined 74 percent.

This entry was posted in Duty-free preferences, Growing exports from developing countries, International Trade and tagged , , , , , , , . Bookmark the permalink.

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