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Wyden: GSP changes needed to ‘raise the bar’ for U.S. trading partners

December 2, 2020 at 12:01 PM
Additional eligibility criteria are needed to improve the Generalized System of Preferences, Senate Finance Committee ranking member Ron Wyden (D-OR) said this week, elaborating on Democrats’ hopes to secure changes in areas like human rights and the environment. The GSP program, established by the Trade Act of 1974, allows for duty-free entry into the U.S. for 3,500 products from more than 100 designated beneficiary countries. It is set to expire at the end of this month. “The renewal of GSP...

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