House Votes To Revive Program Waiving Import Duties

Law360, New York (September 7, 2011, 8:42 PM EDT) -- The U.S. House of Representatives on Wednesday voted to revive an expired trade program that gives nearly 130 developing countries duty-free access to the U.S. market so that domestic manufacturers pay less for raw material.

In a unanimous voice vote, the House backed legislation renewing the nearly 40-year-old program, called the Generalized System of Preferences, that expired in December when the U.S. Senate failed to take up an extension the House had passed.

Rep. David Camp, R-Mich., chair of the tax-writing Ways and Means Committee, said...
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