House Votes To Extend Trade Perks For Some Countries

Law360, New York (December 15, 2009, 2:02 PM EST) -- The U.S. House of Representatives has approved a one-year extension to two trade programs that allow certain developing nations to export thousands of goods to the United States duty-free.

In a voice vote Monday, the House approved H.R. 4284 to extend both the Generalized System of Preferences and the Andean Trade Preference Act, both set to expire at the end of the year.

Created as part of the Trade Act of 1974, the GSP allows 132 nations to export about 3,400 types of products duty-free to...
To view the full article, register now.