This page contains updates to the customs and logistics sections of Next Level Purchasing's online course "Executing a Global Sourcing Strategy."
Latest news is on top.
June 2015: U.S. GSP Program reinstated
The U.S. GSP program was reinstated in June, 2015. Importers who paid higher duties during the period when the program was suspended will receive a refund.
July 2013: Trade Treaty Expires
The Andean Trade Promotion and Drug Eradication Act expired.
July 2013: U.S. GSP Progrm suspended
The U.S. GSP program was suspended again in July 2013. This has happened at least three tines previously. Each time the program was eventually reinstated and any excess duties were refunded to the payer.
January 2012: New U.S. Trade Treaty
The U.S.-Panama Trade Promotion Agreement went into effect.