H.R. 5264 would extend certain trade preference programs.

== Detailed Summary ==

<summary>
Trade Preference Extension Act of 2008 - Amends the Trade Act of 1974 to extend<b>(This measure has not been amended since it was passed by the Generalized SystemHouse on February 27, 2008. The summary of Preferences (GSP) program through September 30, 2010. that version is repeated here.)</b>

Prohibits the President from revoking any waiverAndean Trade Preference Extension Act of 2008 - Amends the competitive need limitation in effect with respectAndean Trade Preference Act (ATPA), as amended and expanded by Andean Trade Promotion and Drug Eradication Act (ATPDEA), to an article from a beneficiary developing country underextend, through December 31, 2008, the GSPATPA program unless certain conditions are met. Sets forth requirementsproviding for the reviewduty-free treatment of revoked waivers of competitive need limitation by the President. certain imported apparel articles assembled in one or more ATPDEA beneficiary countries (Bolivia, Colombia, Ecuador, and Peru).

ExpressesAmends the senseConsolidated Omnibus Budget Reconciliation Act of Congress that preference erosion should not be used as a basis for not agreeing1985 to a comprehensive World Trade Organization (WTO) Doha Development Round agreement. extend certain customs fees for the processing of merchandise entered into the United States through December 27, 2014.

Amends Amends the Caribbean Basin Economic RecoveryTax Increase Prevention and Reconciliation Act (CBERA)of 2005 to extendincrease the Caribbean Basin Trade Partnership Act (CBTPA) program through September 30, 2010.

Amendsamount in effect on the Andean Trade Preferencedate of enactment of this Act (ATPA) to extend the ATPA program through September 30, 2010.

Expresses the sense of Congress that ATPDEA beneficiary countries should fully complyany corporate estimated tax installment otherwise due by a corporation with ATPA program eligibility requirements and that the United States should carefully monitor such compliance.

Amends the African Growth and Opportunity Act (AGOA) to add Mauritius as a lesser developed beneficiary sub-Saharan African country (LDC) for purposesassets of the application of preferential treatment to apparel articles wholly assembled, or knit-to-shape and wholly assembled, or both,not less than $1 billion in oneJuly, August, or more LDCs, regardless of the country of origin of the fabric or the yarn used to make such articles, that are imported into the United States. Repeals provisions granting preferential treatment for imported apparel articles produced in LDCs of yarn or fabric that is produced in beneficiary sub-Saharan countries and determined to be available in commercial quantities for useSeptember 2013 by LDCs.

Provides for the liquidation or reliquidation (refund0.25% of duties) for such articles entered into the United States on or after October 1, 2005, and before the 15th day after enactment of this Act.<br> amount.
</summary>

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== Status of the Legislation ==

<status>
Latest Major Action: 2/27/2008: Received in the Senate.
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== Points in Favor ==

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== Points Against ==

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