Program Bill Jackson Office of the U.S. Trade Representative - - PowerPoint PPT Presentation

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Program Bill Jackson Office of the U.S. Trade Representative - - PowerPoint PPT Presentation

Oct 30, 2023 272 likes •497 views

Expanding Serbia's Exports through the Generalized System of Preferences (GSP) Program Bill Jackson Office of the U.S. Trade Representative Executive Office of the President July 2012 1 Presentation Summary Overview of the U.S. GSP Program

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Expanding Serbia's Exports through the Generalized System of Preferences (GSP) Program

Bill Jackson

Office of the U.S. Trade Representative Executive Office of the President July 2012

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Presentation Summary

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Overview of the U.S. GSP Program Serbia’s GSP exports to the U.S. How to increase Serbia’s use of duty-free opportunities

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GSP Program

Enhanced access to U.S. market

Expanded choices for U.S. industries & consumers

Provides duty-free treatment for up to 5,000 products from 128 countries

$18.5 billion in total U.S. GSP imports (2011)

GSP program authorized through July 2013

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GSP Program: Eligible Products

Ineligible

 Most textiles & apparel,

watches

 Footwear  Handbags  Luggage  Some gloves & leather

goods

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Eligible

 Many manufactured

items & inputs

 Most jewelry  Many agricultural

products

 Chemicals  Minerals  Marble  Carpets

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GSP-eligible imports (all), 3,450 products: 33% MFN duty-free imports 3,738 products: 35% Dutiable imports 1,830 products: 17% GSP-eligible imports (LDCs), 1,431 products: 13%

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How many products are eligible for GSP duty-free treatment?

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U.S. and Serbia Trade

2011 U.S. imports from Serbia: $ 132 million

GSP imports: $ 21m (16% of total imports)

Top GSP imports in 2011:

Overall GSP utilization rate: 37%

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Product MFN tariff Total Value Copper & brass products 1-2.2% $8.7m Frozen berries 4.5-9% $3.0m Automotive parts 2.5% $1.7m

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How to Qualify for Duty-Free Treatment under GSP

Must be a GSP-eligible product

Must be a product or growth of Serbia If using non-Serbian inputs, local content & processing must be ≥ 35% of the value Must import directly into the U.S. w/o entering commerce of another country Benefit must be claimed by importer Keep production/accounting records to assist importer to verify GSP claim

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Is my product eligible for duty- free treatment under GSP?

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  • http://dataweb.usitc.gov/scripts/ tariff_current.asp

The easiest way to find out is to go to:

  • http://www.ustr.gov/trade-topics/trade-

development/preference-programs/generalized- system-preferences-gsp/gsp-program-i-0

List of GSP-eligible products at:

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Go to: http://dataweb.usitc.gov/scripts/tariff_current.asp

  • 1. Type the name
  • f your product

Blackberries

  • 2. Click the “List

items” button Go to: http://dataweb.usitc.gov/scripts/tariff_current.asp

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  • 2. Click the

“Detail” button

  • 1. Choose your

product from the list

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Check if code “A” is listed for your product √

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More detail can be found by clicking on the links here. For example, click on “imports by source country”

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How to Increase Duty-Free Imports into the U.S.

Use GSP as a marketing tool Ensure that GSP treatment is claimed Identify GSP-eligible products that Serbia is exporting to other markets Consider products with a GSP advantage

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GSP-Eligible Imports: Underutilized in 2011

Product MFN Tariff Total Imports Utilization Rate Dried Berries 1.4 cents/kg $3.1m 16% Parts for Motor Vehicles 2.5% $900,000 21% Iron or Steel Articles 2.9% $170,000 37%

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Export home décor and craft items duty-free under GSP

 Wood statues, bowls, boxes, furniture & tableware (3.2-

10.9% duty)

 Ceramic bowls and ornamental articles (6-9.8% duty)  Woven baskets and bags (6.6% duty)  Drawn & blown glass (6.4% duty)  Carpets and rugs (6% duty)  Brass, beaded, silver & other jewelry (5-11% duty)  String & wind musical instruments (2.9-8.7% duty)  Wall-hangings & pillow/cushion covers (3.8% duty)  Handmade paper & paperboard (MFN free)

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GSP Success Story

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$0 $34,815 $67,173 $593,132 $0 $100,000 $200,000 $300,000 $400,000 $500,000 $600,000 $700,000 2008 2009 2010 2011

HTS 39.20.2900 Plastic bags and sacks

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Identifying & Developing Potential U.S. Buyers

 Depends on size, sector, experience  Are you export-ready?  Understanding the US market  What kind of relationship: agent,

distributor, partner, joint venture

 Best leads: your own network!  Trade shows

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Petition Process to Add New Products

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Product must not be excluded by statute (e.g., apparel) Submit petition during Annual Review (deadlines listed in Federal Register) Provide the information required by the regulations

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For Further Information

  • http://www.ustr.gov/trade-topics/trade-

development/preference- programs/generalized-system-preference- gsp GSP General Information:

  • http://www.ustr.gov/trade-topics/trade-

development/preference- programs/generalized-system-preferences- gsp/gsp-program-i-0 Lists of GSP-eligible Products:

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For Further Information

  • http://www.usitc.gov/tata/hts
  • See esp. General Note 4.

U.S. Tariff Schedule:

  • http://www.usitc.gov/tariff_affairs/tariff_databases.htm

U.S. Tariff Databases:

  • Dejan Gajic
  • +381-11-306-4745
  • gajicd@state.gov

U.S. Embassy Contact:

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Thank you Hvala puno

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