World Perspectives

Day Late and a Dollar Short; Harder than it Appears; Spinning the Truth

Day Late and a Dollar Short House Ways & Means Trade Subcommittee Ranking Democrat Earl Blumenauer (Oregon) has introduced legislation reauthorizing the long expired Generalized System of Preferences (GSP), Trade Adjustment Assistance (TAA) and Miscellaneous Tariff Bill (MTB). The reauthorization includes lots of new obligations for beneficiaries such as labor rights and gender equality. However, the oddity is making the benefits retroactive. The GSP program expired almost three years ago. Companies importing goods since then have had no realistic expectation of getting the benefits. They imported because it was economically beneficial without the tariff breaks of GSP. It would provide an unnecessary subsidy except for one specific pur...

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Summary of Futures

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From WPI Consulting

Weighing in on strategic realignment

WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.

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