Generalized System of Preferences (GSP) Extended Add New Topic
- March 27, 2018 at 2:58 pm #17543WillieeArmelliniKeymaster
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Generalized System of Preferences (GSP) Extended
Extension of GSP gives relief of duties paid on some Ecuadorian flowers
MIAMI, FL: – The Senate finally passed the extension of the Generalized System of Preferences (GSP) in the early hours of Friday morning, March 23rd, 2018 and then President Trump signed it. This extension is for thousands of products from more than 140 countries, including flowers from Ecuador with one exception, roses. Roses from Ecuador are not a part of the GSP, therefore, flower importers will have to continue paying a duty of 6.4% on Ecuadorian roses. Importers have been paying duties on Ecuadorian roses since the ATPDEA (Andean Trade Preference Drug Eradication Act) expired in 2013.
The GSP extension is through December 31, 2020 and is retroactive back to January 1, 2018. This extension is great news for the flower industry as everyone prepares for the Mother’s Day season.
For more information please contact Christine at AFIF: America’s Flower Connection.
When it comes to the flower business, connections are everything, and AFIF is America’s Flower Connection!
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