"Daily Update on Capitol Hill Trade Actions" is a regular feature of International Trade Today. The following are brief summaries of recent Capitol Hill actions.
According to trade sources, Congressional leaders have not yet reached agreement on legislation to extend the Generalized System of Preferences Program (GSP) or the Andean Trade Preference Act/Andean Trade Promotion and Drug Eradication Act (ATPA/ATPDEA) beyond their December 31, 2009 expiration dates.
On November 18, 2009, Representative McDermott (D) introduced H.R. 4101, "The New Partnership for Trade Development Act of 2009."
"Daily Update on Capitol Hill Trade Actions" is a regular feature of International Trade Today. The following are brief summaries of recent Capitol Hill actions.
On November 17, 2009, the House Ways and Means Committee's Trade Subcommittee held a hearing on the future of U.S. trade preference programs. This hearing was held to evaluate the operation and impact of the U.S. preference programs to date, as well as opportunities for improvement moving forward.
U.S. Customs and Border Protection has posted a document to its Web site that provides side-by-side comparisons of the following 16 Free Trade Agreements and Preferential Trade Programs:
The Senate Finance Committee has announced that it will hold a hearing on the options for reforming U.S. Preference Programs on November 19, 2009. Testimony will be heard from four witnesses, including those representing labor.
The House Ways and Means Trade Subcommittee has announced that it will hold a hearing on the future of U.S. preference programs on November 17, 2009.
The Office of the U.S. Trade Representative has issued a notice reaffirming the previously announced deadline of November 17, 2009, for the submission of petitions requesting (1) Competitive Need Limitation (CNL) waivers and (2) determinations regarding eligible products not produced in the U.S. on January 1, 1995, as part of the 2009 Generalized System of Preferences Annual Review.
The International Trade Commission has issued a notice announcing that it has instituted an investigation, Advice Concerning Possible Modifications to the U.S. Generalized System of Preferences, 2009 Review of Additions and Removals.