Effective January 1, 2017, three countries - Seychelles, Uruguay, and Venezuela – will no longer receive GSP benefits. As provided under U.S. law, countries are removed from the GSP when they have been designated as high-income countries as defined by the official statistics of the World Bank. Similarly, Seychelles will be removed as a beneficiary under the African Growth and Opportunity Act as of January 1, 2017.
Three products will also be removed from GSP treatment on a country-specific basis, as a consequence of the exporting countries having found to exceed the GSP competitive-need limits. These removals, which took effect on October 1, 2015, are as follows:
Plywood sheets not over 6 mm thick (HTSUS 4412.31.40) from Indonesia
Copper, stranded wire (HTSUS 7413.00.10) from Turkey
Copper, cables, plaited bands and the like (HTSUS 7413.00.50) from Turkey