This evening the U.S. Senate approved by unanimous consent H.R. 4284, legislation that will extend the Generalized System of Preferences (GSP) and Andean Trade Preference Act (ATPA) duty preference programs until December 31, 2010.
H.R. 4284 will now be sent to President Obama for his signature and the GSP/ATPA extensions will be enacted into law.
This is good news for U.S. importers of products eligible for GSP and ATPA benefits since the products will continue to enter duty free without interruption.
Tthe U.S. Congress is expected to consider changes to the GSP and other trade preferences programs in 2010.
Labels: ATPA, GSP