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USTR Says 19 Products Risk Losing GSP Eligibility in 2015

Some 19 products look set to exceed competitive need limitations (CNLs) for calendar year 2015 and lose their eligibility for duty-free access under the Generalized System of Preferences, said the U.S. Trade Representative as it announced the availability of new import data on Nov. 16 (here). The agency’s notice (here) also extended until Dec. 4 the deadline for submission of petitions to waive CNLs and keep those goods GSP-eligible. The deadline was originally Nov. 23 (see 1508180027). Products that may exceed CNL waivers in 2015 include the following:

Unless a waiver is granted, these products may be rendered ineligible for GSP when imported from the associated countries. Products exceed CNLs when the quantity imported in one year exceeds a certain amount ($170 million in 2015), or the value imported from a single GSP country exceeds 50% of the value of the product imported from all countries.