On February 14, 2011, U.S. Trade Representative Kirk released a statement on the recent expiration of certain trade programs. He said that he is disappointed that Congress has not acted to extend Trade Adjustment Assistant (TAA), the Andean Trade Preference Act (ATPA) and Andean Trade Promotion and Drug Eradication Act (ATPDEA), and the Generalized System of Preferences (GSP). He added that the USTR encourages Congress to extend these three programs as soon as possible and to do so for substantially more than a few months. He is committed to working with Congress to secure reauthorization of these trade programs.
On February 8, 2011, Senators Casey (D) and Brown (D) introduced S. 308, a bill to amend and renew (with a retroactive provision) the Generalized System of Preferences Program, renew the Andean Trade Preferences Act/Andean Trade Promotion and Drug Eradication Act, and renew Trade Adjustment Assistance.
CBP has issued a CSMS message regarding the February 12, 2011 expiration of the Andean Trade Preference Act (ATPA) and Andean Trade Promotion and Drug Eradication Act (ATPDEA).
On February 8, 2011, the following trade-related bills were introduced:
The European Union issued the following trade-related releases on February 9, 2011:
The Office of the U.S. Trade Representative has issued a notice regarding the Generalized System of Preferences and the Andean Trade Promotion Act (ATPA)/Andean Trade Promotion and Drug Eradication Act (ATPDEA) preference programs. USTR states that these programs are critical to the U.S.
On February 8, 2011, the House of Representatives is scheduled to consider a bill1 to extend through June 30, 2011 the Andean Trade Promotion Act (ATPA)/Andean Trade Promotion and Drug Eradication Act (ATPDEA) for Colombia and Ecuador and certain Trade Adjustment Assistance (TAA) provisions.
Broker Power is providing readers with some of the top stories for January 24-28, 2011 in case they were missed last week.
U.S. Customs and Border Protection has issued the January 2011 ACE Trade Account Owner Update. The Update includes information on ACE ABI CATAIR entry summary chapters that have been revised to implement Post Summary Correction (PSC), questions and answers on forms and declaration records in ACE, etc.
The Andean Trade Preference Act/Andean Trade Promotion and Drug Eradication Act (ATPA/ATPDEA) will expire on February 12, 2011 for Colombia and Ecuador, unless a law extending it is enacted.