Update: GSP Renewal 2018

On February 8, 2018, Legislation H.R.4979 was introduced by Rep. David Reichart (R-WA-8) and 8 other congressmen to renew GSP which has expired on December 31, 2017.  The House passed the legislation by 400-2 vote.

The GSP legislation renewal must now pass the Senate and be signed by the President before benefits can be reinstated.

To Read H.R. 4979 and see actions overview:

https://www.congress.gov/bill/115th-congress/house-bill/4979/actions

Flegenheimer International will keep monitoring and provide updates to the trade.

Thank you!