US aiming to remove Russia from GSP eligibility program

May 09, 2014 | 02:36 PM | Daniel Fitzgerald

Tags  GSP, Generalized System of Preferences, Russia, Coalition for GSP, ferroalloy imports, ferrosilicon imports, Michael Froman, Georgian American Alloys Traxys North America

NEW YORK — The U.S. government is planning to remove Russia from the Generalized System of Preferences (GSP) program because the nation has "advanced beyond the level of economic development and competitiveness for GSP eligibility."

The GSP program provides duty-free treatment to several thousand imported products, including ferroalloys, from developing nations such as India, Russia and South Africa.....

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