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WTO Introduces New Trade Rules

Posted by on Dec 27, 2013 | 0 comments

Follow Email The WTO 9th Ministerial in Bali concluded on December 6th, 2013 with the first-ever global Agreement on Trade Facilitation. This Agreement introduces new trade rules to streamline customs and port procedures for the world’s traders. Other key decisions implemented prior commitments to improve market access for the world’s least developed countries and on Yemen’s entry as the WTO’s 160thmember. Agreement on Trade...

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Resources for African Exporters to the United States

Posted by on Oct 28, 2013 | 0 comments

Follow Email In a recent post, we shared information about opportunities that exist for African exporters to access the US market. Using the African Growth and Opportunity Act (AGOA) and Generalized System of Preferences (GSP) programs, African exporters can have their products enter the US market duty-free. This gives them a cost advantage over competitors who may have had to pay the import tax, or duty, on the same product. As a result of...

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African Exporters: Access & Opportunities to the U.S. Market

Posted by on Oct 7, 2013 | 0 comments

Follow Email For African exporters interested in the US market, the good news is that US-African trade grew by more than 500 per cent between 2001 and 2011. The U.S. market is wide open for goods that conform to its laws. The African Growth and Opportunities Act (AGOA) and the Generalized System of Preferences (GSP) programs can give African exporters a cost-advantage over their competitors. These programs permit qualified African goods...

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GSP Has Expired!

Posted by on Aug 4, 2013 | 3 comments

Follow Email As of August 1st (2013), importers who rely on the Generalized System of Preferences (GSP) preference program have lost those benefits. As I explained in previous posts the GSP program allows about 5,000 products from about 127 developing countries to enter the United States on a duty-free basis. The duty-free access benefits exporters from developing countries as it helps them to be competitive in the U.S. market. A variety of...

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GSP Update

Posted by on Jul 5, 2013 | 0 comments

Follow Email In an earlier post, we described the eligibility criteria and benefits of the Generalized System of Preferences (GSP) program, which provides duty-free access for about 5,000 products from eligible developing countries. The program is reviewed annually, as a result of which products and/or countries may be added to or removed from the program. The results of the 2012 review were recently announced. Most notably, Bangladesh has...

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