Header2014
Quick Links:





Get a Quote
 
 
 
Our Services
CUSTOMS BROKERAGE
 
FREIGHT FORWARDING
 
CARGO INSURANCE
 
PROJECT CARGO
 
CONSULTANT

C-TPAT Logo

 

 SUBSCRIBE TO JJB'S NEWSLETTERS 

 
Previously from JJB
Check the latest JJB newsletters on our Industry News page.
June 25, 2015/  Volume 2015, Issue 15

 Congress Approves Trade Bills

 

 

Dear Valued Customer:

                         

Long-awaited trade bills were approved by Congress this week and are expected to soon be signed into law by President Obama.

 

Legislation to reinstate Trade Promotion Authority (TPA), otherwise known as the "Fast-Track" bill, was passed by the Senate June 23. The TPA bill sets forth congressional objectives for trade agreement negotiations and provides for expedited congressional consideration of legislation implementing those agreements. TPA gives the President fast-track negotiating authority to finalize the Trans-Pacific Partnership (TPP), the Transatlantic Trade and Investment Partnership (TTIP) and any other trade agreement negotiated during a period of up to six years with the knowledge that Congress can only ratify them through an up-or-down vote, without any changes.

 

The House and Senate also approved this week legislation to reauthorize the Generalized System of Preferences (GSP) through Dec. 31, 2017, retroactive to July 31, 2013, the date GSP expired. This means that importers will be able to obtain refunds of duties paid since that date on goods otherwise eligible for GSP treatment. In addition, the African Growth and Opportunity Act (AGOA) and the Haiti HOPE and HELP acts were modified and extended through Sept. 30, 2025. The legislation also includes Trade Adjustment Assistance (TAA), a support program for workers who lose their jobs when manufacturers take advantage of trade deals to relocate factories overseas.

 

It is expected that these bills will be signed into law by the President soon and the trade preference programs such as GSP and AGOA may go into effect by early August. James J. Boyle & Co. will monitor progress of these programs very closely and will keep our customers apprised.

 

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.


You are provided this copy subject to the terms and conditions of our services.  All rights reserved.