On March 26, United States Trade Representative Ron Kirk announced that the Republic of South Sudan has been designated as a beneficiary country under the Generalized System of Preferences “GSP” as well as a least developed beneficiary developing country. At the same time, Argentina’s eligibility for GSP benefits has been suspended. Argentina was suspended for failing to pay two arbitration awards totaling approximately $300 million due to U.S. companies. The suspension takes effect 60 days from the date of the presidential proclamation in the Federal Register.
Click HERE to read the Presidential Proclamation.
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