The following are highlights of the House Ways and Means Committee's section-by-section summaries of the draft U.S.-Colombia, and U.S.-Panama Trade Promotion Agreements Implementing Acts, which would establish the necessary conditions for the free trade agreements to enter into force.
On July 7, 2011, the House Ways and Means and Senate Finance Committees held “mock” mark-ups and approved without amendment draft implementing bills for the Korea, Colombia, and Panama free trade agreements, which also include an increase in the merchandise processing fee for formal entries and retroactive renewal of the Generalized System of Preferences (GSP) and Andean Trade Preference Act (ATPA)/Andean Trade Promotion and Drug Eradication Act (ATPDEA) preference programs.
Broker Power is providing readers with some of the top stories for July 5 - 8, 2011 in case they were missed last week.
On July 8, 2011, the International Trade Commission launched an investigation1 to assess the probable economic effect of allowing products from the world's least-developed countries (LDCs) to enter the U.S. duty-free and quota free (DFQF).
On July 7, 2011, the House Ways and Means and Senate Finance Committees held “mock” mark-ups and approved without amendment1 draft implementing bills for the Korea, Colombia, and Panama free trade agreements, which include an increase in the merchandise processing fee for formal entries and retroactive renewal of the Generalized System of Preferences (GSP) and Andean Trade Preference Act (ATPA)/Andean Trade Promotion and Drug Eradication Act (ATPDEA).
The Senate Finance Committee has rescheduled for July 7, 2011 its “mock” mark-up of the draft implementing bills for the South Korea, Colombia, and Panama free trade agreements, which include a retroactive renewal of the Generalized System of Preferences (GSP), Andean Trade Preference Act (ATPA)/Andean Trade Promotion and Drug Eradication Act (ATPDEA) and a modification and renewal of Trade Adjustment Assistance.
Broker Power is providing readers with some of the top stories for June 27 -- July 1, 2011 in case they were missed last week.
The House Ways and Means Committee has announced that on July 7, 2011 it will be holding a “mock” mark-up of the draft implementing bills for the South Korea, Colombia, and Panama Free Trade Agreements, that include retroactive renewal of the Generalized System of Preferences (GSP), Andean Trade Preference Act (ATPA)/Andean Trade Promotion and Drug Eradication Act (ATPDEA) through July 31, 2013, but not renewal of Trade Adjustment Assistance.
The Senate Finance Committee has posted the draft bills and Statements of Administrative Action from its canceled “mock” mark-up of the draft implementing bills for the South Korea, Colombia, and Panama Free Trade Agreements, which include provisions for retroactive renewal of GSP, ATPA/ATPDEA and TAA. The Committee has also posted information on the 97 amendments to the draft implementing bills that had been filed prior to the scheduled commencement of the “mock” mark up
The Senate Finance Committee’s “mock” mark-up of the draft implementing bills for the South Korea, Colombia, and Panama Free Trade Agreements, which include renewal of the Generalized System of Preferences, Andean Trade Preferences Act/Andean Trade Promotion and Drug Eradication Act, and Trade Adjustment Assistance, was canceled due to a lack of a quorum (which requires the presence of at least one Member of each party). The mark-up could not be held because all of the Republican Senators on the Committee boycotted the mark-up.