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Newsletter:
U.S. House Passes Andean
TPA Extension
US House of Representatives’ extended the Andean Trade Preferences Act for
one more year.
The extension allows Colombia, Ecuador and Peru to export certain goods,
such as clothing and footwear, to the United States free of duty.
ATPA has been in effect since 1991 and requires the Andean countries to take
part in an anti-narcotics program to eradicate the drug trade in their
countries. Bolivia used to be a part of ATPA, but President George W. Bush
in 2008 asked that the South American country be removed after it failed to
participate in the anti-narcotics program.
The House on Dec. 14 also extended the General System of Preferences, now 32
years old, for another year. GSP gives 132 developing countries the
opportunity to export many of their goods to the United States duty free.
Both trade programs, set to expire on Dec. 31, were approved.
The American
Apparel & Footwear Association praised the House’s swift
action. “The House’s action to renew these two vital programs was critically
important,” said AAFA President and Chief Executive Kevin M. Burke. “Our
industry’s ability to utilize these programs helps keep prices low for
hardworking American families on necessities like T-shirts, socks and other
clothing items.” |