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06-29-2011 - GSP, FTA’s and Trade Agenda Moving Forward

President Obama has reached a deal with Congress to renew the Trade Adjustment Assistance (TAA), which will pave the way for the Obama Administration to submit free trade agreements with Colombia, Panama and South Korea to Congress for ratification.  The deal also extends – retroactively – the Generalized System of Preferences Program and the Andean Trade Promotion Act through July 31, 2013.  We anticipate enactment of these trade programs to take place by the end of September, but possibly as early as August.

We will continue to keep our clients updated as new information is available.  In the meantime, please contact your GSB representative, or email info@geosbush.comfor questions or concerns.