Free and Fair Trade Act Includes GSP and ATPDEA Provisions
An Act that was recently introduced in both the House and Senate contains provisions to renew the Generalized System of Preferences (GSP) and the Andean Trade Preferences Act/Andean Trade Promotion and Drug Eradication Act (ATPDEA). The Free and Fair Trade Act would renew GSP (with the exception of certain sleeping bags) and the ATPDEA for Colombia and Ecuador to June 30, 2012. Renewal would be effective the 15th day after the date of enactment. Retroactive benefits would be reinstated for goods entered during the periods when GSP and ATPDEA were not in effect.
The bill may be viewed at: http://www.thomas.gov/cgi-bin/query/z?c112:H.R.913: