President Obama Signs GSP and ATPA Bill into Law President Signs GSP and ATPA Bill into Law President Obama Signs GSP and ATPA Bill into Law
On
December 28, 2009, President Obama
signed into law H.R.
4284, which extends the Generalized System of
Preferences (GSP) and the Andean Trade
Preference Act (ATPA) for one year, through
December 31, 2010. Under the GSP treatment,
beneficiary developing countries receive certain
trade benefits.
According to the Presidential Proclamation, effective January 1, 2011, Croatia and Equatorial Guinea will no longer receive the GSP treatment as they have achieved “high income” classification. Cape Verde will be removed from the list of least-developed beneficiary countries under GSP effective January 1, 2010.
According to the Presidential Proclamation, effective January 1, 2011, Croatia and Equatorial Guinea will no longer receive the GSP treatment as they have achieved “high income” classification. Cape Verde will be removed from the list of least-developed beneficiary countries under GSP effective January 1, 2010.