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GSP Imports Relied Heavily on Mineral Oils

Created on September 10, 2014

GSP Imports Relied Heavily on Mineral Oils

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Read the original report, "The Generalized System of Preferences: Time to Renew and Reform the U.S. Trade Program," by Ryan Olson.

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In 1996, mineral oils comprised a tiny share of GSP imports, but by 2008 they grew to 35 percent of the total. Later when mineral oils tumbled, so did the overall value of GSP imports.

Source: U.S. International Trade Commission, USITC Interactive Tariff and Trade DataWeb, http://dataweb.usitc.gov/ (accessed July 22, 2014).

CHART 2 • BG 2942

Tags: generalized-system-preferences, GSP, imports, mineral-oils