Kim Elliott is quoted on GSP renewal.
From the article.
Hundreds of companies and associations are pressing for renewal of the generalized system of preferences (GSP) prior to the program's July 31 expiration, but legislative action is dependent on advanced agreement between the House and Senate, according to industry and congressional sources who spoke June 20 with BNA.
Kimberly Elliott, a senior fellow at the Center for Global Development, told BNA that GSP could be combined with the lapsed fast-track process for congressional approval of trade deals known as trade promotion authority (TPA) and renewal of the African Growth and Opportunity Act (AGOA), which is the U.S. preference program for sub-Saharan Africa that has an expiration date of Sept. 30, 2015.
“If trade promotion authority moves, as both Ambassador [Michael] Froman and Sen. [Max] Baucus have said they want to do this year, it would be logical to have a GSP extension attached to that bill and there would be a lot of support for moving early to extend AGOA as well,” Elliott said.
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