US: Apparel and retail groups lobby for GSP renewal
The lapsed US Generalized System of Preferences (GSP) tax incentive programme should be renewed immediately, according to hundreds of US companies.
In all, some 463 businesses – from trade associations such as the American Apparel & Footwear Association (AAFA) and National Retail Federation (NRF) to major retailers and small operators – have written joint letters to members of the US Senate and House of Representatives.
They are calling for the GSP programme, which expired on 31 July last year, to be renewed immediately, claiming that in its absence they have paid nearly US$2m per day in higher taxes.
“We cannot afford to wait any longer,” they write.
“Most importantly, we use the GSP programme to lower costs and remain competitive, and therefore need Congress to pass a retroactive renewal bill immediately.”
The AAFA has also advocted for the inclusion of an update to the programme which would make US imports of travel goods eligible for duty benefits.
- Speed to market key to Adidas 2020 growth plan
- GAFTI gears up for change in apparel auditing
- SuperGroup to adapt sourcing model for speed
- Apparel software trends 2015: What else to watch?
- Fast Retailing ramps up sustainability efforts
- Transparency call for German apparel firms
- Strike at Adidas and Nike shoe factory in Vietnam
- Myanmar garments to benefit from export strategy
- H&M and Kering trial recycling technology
- Sri Lanka commences GSP+ process with EU
- Global market review of workwear - forecasts to 2019
- Myanmar's Garment Sector - Opportunities & Challenges in 2015
- Management briefing: Outlook 2015: Apparel industry issues in the year ahead
- Outdoor performance apparel: peaks, valleys, and green fields
- Apparel Retail: Top 5 Emerging Markets Industry Guide