Senate Finance Committee just completed its
'mark-up' of trade bills where it approved
legislation to give the President Trade
Promotion Authority (TPA) by a vote of
Committee unanimously approved a trade bill,
Renewal of the Generalized System of
Preferences (GSP) program, through
renewal of the African Growth and Opportunity
Act (AGOA), which is currently
scheduled to expire on September 30, 2015,
through September 2025.
of a series of Haitian trade
preferences, which expire at several
points during the next five years, through
of tariffs on certain outerwear
(similar to the U.S. Outdoor Act).
Committee also approved a Customs
Reauthorization Bill, which included a
provision to reform the process for creating the
Miscellaneous Tariff Bills (MTB) and a bill to
renew Trade Adjustment Assistance.
House Ways and Means Committee will take up a
version of these four bills tomorrow.
information is courtesy of Peter Friedmann, FBB
yourself updated with the latest industry