Trade Finance

The Generalized System of Preferences (GSP) The Generalized System of Preferences (GSP) is a trade system implemented by the United States that offers preferential duty-free import of 4,800 products from 131 designated beneficiary countries and territories. These...

Anti-Dumping Duty Anti-dumping duty is a tariff that the United States government imposes on imported goods. These imported goods have a lower price than the fair market value of the same or similar goods in the domestic market. The government imposes anti-dumping...

The Difference between Duty and Tariff What are Duties? When it comes to taxes on goods and services, there are two main types: direct and indirect. Direct taxes are levied directly on individuals or businesses, while indirect taxes are levied on the sale or purchase...

Enforce and Protect Act If you're involved in the import or export business, then you need to be aware of the Enforce and Protect Act (EAPA). This act empowers the Customs and Border Protection (CBP) to investigate whether any company has evaded anti-dumping and...