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Previously from JJB
Check the latest JJB newsletters on our Industry News page.
April 16, 2015/  Volume 2015, Issue 10

Trade Promotion Authority Bill Introduced;

Including GSP, AGOA, etc.

Dear Valued Customer,

 

After many delays, legislation was finally introduced on April 16 in the House and Senate to reauthorize Trade Promotion Authority and extend several trade liberalization programs, according to a joint press release from Senate Finance Committee Chairman Orrin Hatch, R-Utah, and Ranking Member Ron Wyden, D-Ore.

 

TPA-2015 addresses issues such as currency manipulation, digital trade, state-owned enterprises, localization barriers to trade, government involvement in cyber theft, protection of trade secrets, human rights, and labor and environmental protections. The legislation also includes provisions to increase transparency by requiring that Congress have access to important information surrounding pending trade deals and that the public receive detailed updates and see the full details of trade agreements well before they are signed.

 

When a trade agreement meets the specified negotiating objectives and Congress is sufficiently consulted, the bill would allow it to be submitted to Congress for an up-or-down vote within strict timeframes. However, the bill creates a new mechanism for the removal of these expedited procedures if, in the judgment of either the House or Senate, the agreement does not meet the established requirements. This provision resolves a disagreement between Hatch and Wyden that had delayed introduction of TPA for several weeks.

 

Also introduced April 16 was legislation that would (1) extend the African Growth and Opportunity Act (including its third-country fabric provisions) for ten years, simplify rules of origin, add notification and reporting requirements, and improve transparency and participation in the AGOA review process; (2) reauthorize the Generalized System of Preferences through Dec. 31, 2017, and provide retroactive relief to eligible products imported since GSP expired on July 31, 2013; and (3) extend through Sept. 30, 2025, the Hemispheric Opportunity through Partnership Encouragement (HOPE) Act and the Haiti Economic Lift Program (HELP), which provide trade benefits for apparel and other products imported from Haiti. A customs reauthorization bill, which among other things would strengthen trade remedy enforcement, could also be in the mix.

 

Senate Finance has scheduled a markup of the TPA bill for April 23, and House Ways and Means could follow suit soon thereafter.

 

While TPA is expected to be approved by the Senate, its fate in the House of Representatives remains unclear amid an increasingly vocal effort by opponents, who are deluging congressional offices with emails and phone calls in opposition. Proponents of the bill are encouraged to send emails to every member of your State's congressional delegation as well as your Senators, and make phone calls to all their offices with a simple statement:  "My name is ________, living in (town), working in (town), and I want Congressman ___________ to vote for TPA and for TPP because my job and my family depends on trade and on TPA and TPP."

 

TPA is seen as vital for concluding the Trans-Pacific Partnership, which could be wrapped up this year, and the Transatlantic Trade and Investment Partnership being negotiated with the 28-member European Union. It could also accelerate efforts to conclude a Trade in Services Agreement among nearly two dozen countries.

 

We will endeavor to keep our customers apprised of progress concerning this TPA bill.

 

Keep yourself updated with the latest industry happenings, subscribe to JJB's Newsletters

Los Angeles

Kent Sunakoda

mailto:ksunakoda@jjboyle.com

(323)263-8100 ext. 327

Portland

Lisa Whiles

mailto:lwhiles@jjboyle.com

(503)284-0909 ext. 120

Seattle

Terry Pilant 

tpilant@jjboyle.com

(206)447-9580 ext. 104 

San Francisco

Connie Arimoto

carimoto@jjboyle.com

(650)871-6334 ext. 3130

        

The information accompanying this newsletter contains confidential information belonging to the sender which is legally privileged. The information is intended only for the use of customers of James J. Boyle & Co. If you are not the intended recipient, you are hereby notified that any disclosure, copying, distribution or the taking of any action in reliance on the content of this information is strictly prohibited. James J. Boyle & Co. will also not be held accountable for any discrepant information. The service we provide is based on our "Terms and Conditions of Service", which is available upon request.


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