USTR Requests GSP Modification And CNL Waiver Petitions
The Office of the United State Trade Representative (USTR) is now accepting petitions to modify the Generalized System of Preferences (GSP) product list and to waive competitive need limitations (CNLs), according to a USTR public notification issued July 26. In order to be considered for the 2013 Annual GSP Review, the GSP Subcommittee of the USTR-chaired Trade Policy Staff Committee must receive relevant product petitions by Oct. 4 and relevant waiver petitions by Nov. 22. Interested parties should submit petitions via http://www.regulations.gov with the docket number USTR-2013-0024.
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The GSP system is slated for expiration on July 31. The House Ways and Means Committee and the Senate Finance Committee introduced GSP renewal legislation on July 17 and July 18, respectively. Some congressional leaders are continuing to push for GSP renewal prior to expiration. Should the GSP program expire on July 31, the USTR will continue to receive product medication and waiver petitions. No action will be taken on petitions, however, if the program is not in effect. Congress is able to pass GSP renewal legislation retroactively.