House Seeks Reform Of Trade Preferences Program

Law360, New York (November 17, 2009, 2:05 PM EST) -- Weeks before the U.S.'s general trade preferences program is set to expire, American politicians and trade officials discussed at a House subcommittee meeting on Tuesday how to reform the initiative, which is designed to spark development and growth in impoverished countries through trade.

Suggestions ranged from requiring countries to meet environmental standards to qualify for the preferences program, extending it for longer to create a more stable economic environment for businesses and expanding some countries' participation in the program.

The general preferences program, which provides preferential...
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