GENERALIZED SYSTEM OF PREFERENCES & ATPDEA TRADE PROGRAMS EXTENDED
The following preferential trade programs have been extended.
Generalized System of Preferences (GSP)
The GSP has been extended until December 31, 2009 for all beneficiary countries. The GSP provides preferential duty rates on more than 4,650 products from 131 designated beneficiary countries and territories.
Andean Trade Promotion and Drug Eradication Act (ATPDEA)
The ATPDEA, scheduled to expire December 31, 2008, has been extended for all beneficiary countries (Columbia, Peru, Bolivia, and Ecuador) as follows:
Duty-free treatment of qualifying goods from Columbia and Peru has been extended until December 31, 2009; from Bolivia, it has been extended until June 30, 2009. ATPDEA treatment from Ecuador is under review, and may expire June 30, 2009 if it is found that Ecuador is not in compliance with eligibility criteria.
The objective of the ATPDEA is to strengthen legal industries in these countries as alternatives to drug production and trafficking. Duty-free treatment applies to approximately 6,300 products.
Information on this and other recent developments can be obtained from our technical consulting group.