P.L. 110-191, The Trade Preference Extension Act of 2008

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

Detailed Summary

Trade Preference Extension Act of 2008 - Amends the Trade Act of 1974 to extend the Generalized System of Preferences (GSP) program through September 30, 2010.

Prohibits the President from revoking any waiver of the competitive need limitation in effect with respect to an article from a beneficiary developing country under the GSP program unless certain conditions are met. Sets forth requirements for the review of revoked waivers of competitive need limitation by the President.

Expresses the sense of Congress that preference erosion should not be used as a basis for not agreeing to a comprehensive World Trade Organization (WTO) Doha Development Round agreement.

Amends the Caribbean Basin Economic Recovery Act (CBERA) to extend the Caribbean Basin Trade Partnership Act (CBTPA) program through September 30, 2010.

Amends the Andean Trade Preference Act (ATPA) to extend the ATPA program through September 30, 2010.

Expresses the sense of Congress that ATPDEA beneficiary countries should fully comply 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 purposes of the application of preferential treatment to apparel articles wholly assembled, or knit-to-shape and wholly assembled, or both, in one 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 use by LDCs.

Provides for the liquidation or reliquidation (refund 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>

Status of the Legislation

Latest Major Action: 2/27/2008: Received in the Senate.

Points in Favor

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Points Against

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