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Congress' Inaction Dooms Trade Preference Extension

Law360 (December 22, 2010, 8:38 PM EST) -- A trade preference program providing duty-free treatment for goods from more than 100 developing countries will end Dec. 31 after Congress adjourned Wednesday without extending it, though legislators did pass a short extension of a separate preference program for goods from South America.

The Generalized System of Preferences, which provides duty-free entry for 4,800 products from 130 countries, will expire on schedule at the end of the year as a result of Congress' inaction.

U.S. Trade Representative Ron Kirk expressed frustration at the move by Congress...
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