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US make luggage imports duty-free

The United States will extend duty-free treatment to imports of all statutorily-eligible travel goods (including luggage, handbags, backpacks, tote bags, etc.) from all eligible countries under the Generalized System of Preferences (GSP) program.

The change will go into effect on July 1, 2017 and is expected to provide major benefits to US companies, US workers, and US consumers.

Today, the industry pays in excess of 90 million dollars a year on duties, which can now be re-purposed towards well-paying jobs for US workers, lower costs for US consumers, and/or increased investments in product innovation. Additionally, this move will encourage diversification of the supply chain into developing economies, including the Philippines, Thailand, Pakistan, Indonesia, and Sri Lanka.

The American Apparel and Footwear Association has applauded the decision. Now it wants footwear eligible for GSP benefits going forward. AAFA has long supported efforts to include travel goods under the GSP program.

Generalized System of Preferences (GSP) is a preferential tariff system extended by developed countries to developing countries. It involves reduced tariffs or duty-free entry of eligible products exported by beneficiary countries to the markets of donor countries. GSP is presently extended by 29 developed countries.

 
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