International Trade Law News /title <!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Strict//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-strict.dtd"> <html xmlns="http://www.w3.org/1999/xhtml" xml:lang="en" lang="en"> <meta name="verify-v1" content="6kFGcaEvnPNJ6heBYemQKQasNtyHRZrl1qGh38P0b6M=" /> <head> <title>International Trade Law News

« Home | Dateline NBC's Program on CBP Now Available Online » | Canadian Government Blames ITAR for Delays in Acqu... » | Reuters: Shipping Headaches Plague Small Companies » | Japanese Machine Tool Company Suspected of Export ... » | Dateline NBC Presents Inside Look at U.S. Customs ... » | OFAC Imposes Nearly $2 Million in Civil Penalties ... » | USTR Seeking Information on China's Compliance Wit... » | USTR Requests Comments for Inclusion in National T... » | Cuba Baseball Trip Criticized and Applauded on Cap... » | Under Secretary Mancuso Sets Forth BIS Agenda For ... » 

August 05, 2008 

House Passes One-Year Extension of GSP Program

As we have reported, the U.S. Generalized System of Preferences (GSP) program is set to expire on December 31, 2008.

Language that would extend GSP for an additional year, or until December 31, 2009, was included in H.R. 6560, a bill that passed the House last week to establish an earned import allowance program under the Dominican Republic-Central America-United States Free Trade Agreement Implementation Act and make other technical changes to trade preference and other programs.

H.R. 6560 has been referred to the Senate Finance Committee for consideration.

The House action to extend GSP was applauded by GSP Coalition. “A wide range of American companies, trade associations, and anti-poverty organizations has been urging Congress to renew the GSP program. Timely action by the House recognizes the adverse impact that allowing GSP to expire would have not only on developing countries, but on American families, workers, and farmers,” said Laura Baughman, Executive Director of the Coalition for GSP, a group of U.S. companies and trade associations organized to educate policy makers and others about the important benefits of the GSP program. The GSP Coalition has called for the Senate to quickly renew GSP when it returns from recess in September.

Over the past few years, GSP has either been renewed shortly before it expired or renewed retroactively. Stay tuned.

Labels:


Editor

Subscribe

Subscribe to our confidential mailing list

Mobile Version

Search Trade Law News

International Trade and Compliance Jobs

Jobs from Indeed

Archives

Categories

Disclaimer

  • This Site is presented for general informational purposes only and does not constitute legal advice. No attorney-client relationship is formed when you use this Site. Do not consider the Site to be a substitute for obtaining legal advice from a qualified attorney. The information on this Site may be changed without notice and is not guaranteed to be complete, correct or up-to-date. While we try to revise this Site on a regular basis, it may not reflect the most current legal developments. The opinions expressed on this Site are the opinions of the individual author.
  • The content on this Site may be reproduced and/or distributed in whole or in part, provided that its source is indicated as "International Trade Law News, www.tradelawnews.com".
  • ©2003-2015. All rights reserved.

Translate This Site


Powered by Blogger