African Fabrics Trade Bill Would Save $5M, CBO Says

Law360, New York (July 24, 2012, 7:06 PM EDT) -- Legislation designed to extend preferential tariffs to sub-Saharan African fabric exporters will save the government $5 million over the coming decade if enacted, the Congressional Budget Office said Monday.

The bill, which seeks to implement a number of measures designed to enhance textile trade with both African and Latin American countries, has yet to go up for a vote before either the U.S. Senate or the U.S. House of Representatives. The legislation will return a net reduction of deficit of $5 million between 2013 and 2022...
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