According to a recent news article at http://www.mrketplace.com/20816/us-renews-atpa-gsp-trade-preference-schemes, “Along with the passage earlier this week of legislation to implement the long-awaited free-trade agreements with Colombia, Korea and Panama, the US Congress has also renewed two other trade preference programs.
The Andean Trade Preferences Act (ATPA) and the Generalized System of Preferences (GSP), both of which expired earlier this year, have been extended through July 31, 2013.
The move means that under the ATPA, US apparel imports from Andean countries Ecuador, Colombia and Peru will enter the US duty-free if they use US cotton, yarns, and fabrics. The GSP also which provides duty-free treatment for goods produced in developing countries.”
Read more about the US Renewing ATPA.
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