Wednesday, December 16, 2009

House Passes Extension for GSP & ATPA

The U.S. House of Representatives approved H.R. 4284, to extend the Generalized System of Preferences (GSP) and the Andean Trade Preference Act (ATPA) for one year, until December 31, 2010. The Senate is also expected to approve this extension before the break. The programs will expire on December 31, 2009 unless legislative action is taken.

The trade should follow these trade programs in 2010, as discussion by the House indicated that significant reform of these trade programs will be discussed in 2010.

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