On Friday, the National Retail Federation sent a letter to every Member of Congress urging support for immediate Congressional consideration and passage. The letter stated that GSP is “critical to American employers and families that this important trade program is renewed in advance of its expiration.” Given GSP’s broad bipartisa...
Continue readingYesterday, the U.S. Chamber of Commerce sent a letter urging Congressional leaders to renew GSP before its scheduled expiration on July 31. The letter stated that: “GSP has been an effective tool promoting market-based economic growth in developing countries, bolstering U.S. manufacturing, and expanding consumer choice. The Chamber urges you ...
Continue readingPress reports indicate that the Obama administration will suspend GSP benefits for Bangladesh following a long review by the Office of the U.S. Trade Representative, although the official announcement has not been released. Meanwhile, it appears that Ecuador has decided to unilaterally renounce its ATPA benefits, claiming that the United States was...
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