Generalized System of Preferences (GSP)
The Generalized System of Preferences (GSP) is a trade preference program established by the Trade Act of 1974, which promoted economic development by eliminating duties on many products when they were imported from one of the 119 countries and territories designated as developing. The program expired in December 2020 and is pending renewal in Congress. Should Congress renew the program with a retroactive refund clause, CBP will refund duties for entries eligible for GSP. Under the GSP, goods that are entirely produced or manufactured in a beneficiary developing country may qualify for duty-free entry under GSP; all third-party materials must undergo a substantial transformation defined as at least 35% of the good’s value having been added in the beneficiary country. The goods must also be “imported directly” from the GSP eligible country.
Search Primer
Multi-word term: Place inside quotes to ensure an exact match together (e.g. "China import").
Term list: Separate terms with spaces, not commas or semicolons to find either word (e.g. AD/CVD antidumping).
Acronyms: Use all capital letters (e.g., ACE).
Required term: If a term must be included in any resulting articles, prefix it with a plus sign (e.g., CBP +releases).
Excluded term: If a term should be excluded from any articles being found, prefix it with a minus sign (e.g., -ruling).
Singular form: Use the singular form when doing multi-word terms (e.g. "russian export control" instead of "russian export controls").
Shortest word form: When you have different word forms in a quoted term, include the shortest version if it is the last part of the expression (e.g., "entity list" instead of "entity listing" or "entity listed").