Trade Preference Reform Faces Uncertain Future

Law360, New York (January 28, 2010, 7:20 PM EST) -- Though prominent members of Congress have announced plans to overhaul the U.S. trade preference programs, lawyers are skeptical that reform is in the cards this year.

In December, U.S. Senate Finance Committee Chairman Max Baucus, D-Mont., and ranking member Chuck Grassley, R-Iowa, vowed to use 2010 to examine key aspects of the Generalized System of Preferences, and other preference programs, with the goal of introducing reform legislation before the end of the year.

Baucus said the reform effort would look at the eligibility criteria used to...
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