RV Industry Commends Chairman Jason Smith And Trade Subcommittee Chair Adrian Smith For Holding Hearing On Generalized System Of Preferences

The recent hearing conducted by the House Ways and Means Trade Subcommittee on reforms to the Generalized System of Preferences (GSP) program marks a significant step toward enhancing trade policies and promoting economic growth. We applaud the efforts of the Ways and Means Committee and its Chairman, Jason Smith (MO-08), along with Chairman Adrian Smith (NE-03) and the Trade Subcommittee, for their dedication to and thoughtfulness in exploring ways to improve the GSP program, which plays a crucial role in fostering international trade relations.

The GSP program, which grants duty-free access to the U.S. market for goods from eligible developing countries, has long been a cornerstone of American trade policy. This program not only benefits American consumers by providing access to a wide variety of affordable products but also supports economic development in the participating countries.

Specifically, the RV industry relies on the GSP program to import lauan, a thin, lightweight, water-resistant plywood grown in Indonesia, a beneficiary country. Since this program expired, the industry has paid between $1 and 1.5 million each month in duties on this product alone. We are pleased to see the Subcommittee devoting their time to improving this important program and hope that this will lead to renewal of the program this year.

Here are the top four moments the Committee highlighted:

1. In-Depth Analysis: The Trade Subcommittee's commitment to a thorough and thoughtful examination of the GSP program's strengths and weaknesses was evident throughout the hearing. By delving into the complexities of the program, Committee members demonstrated their dedication to crafting informed and effective trade policies that support American businesses.

2. Stakeholder Engagement: The hearing provided a platform for various stakeholders, including industry representatives, to voice their perspectives on the GSP program. This inclusive approach ensures that the Committee considers a wide range of viewpoints, ultimately leading to more well-rounded and equitable reforms.

3. Bipartisan Cooperation: Trade policy is an area where bipartisan collaboration is crucial. The hearing showcased the Committee's ability to come together across party lines to address critical trade issues. This spirit of cooperation is essential for the successful reform of the GSP program.

4. Forward-Looking Agenda: The Committee's focus on reforms is forward-looking and aligns with the changing dynamics of global trade. By examining how the GSP program can better serve the interests of both American businesses and developing countries, the Committee is taking proactive steps to strengthen our trade relationships.

On behalf of the all-American RV industry, we want to thank the House Ways and Means Trade Subcommittee for organizing this informative and constructive hearing on GSP program reforms. This initiative reflects a commitment to maintaining a robust and fair-trade environment that benefits all stakeholders.

As we move forward, we look forward to continued collaboration between policymakers, industry representatives, and other stakeholders to ensure that the GSP program remains a valuable tool for advancing both U.S. economic interests and global development.

For more information and updates on trade-related matters, please reach out to Samantha Rocci, Senior Manager of Government Affairs, at srocci@rvia.org.