| Title: | STATUS OF RENEWAL |
|---|---|
| Date: | 1993-06-29 |
| To: | abi |
| Links: | previous, next |
TO : ALL ABI BROKERS.
FROM : LISA CROSBY
SUBJECT : GSP-STATUS OF RENEWAL
DATE : 06/29/93
3179071
JUNE 28, 1993
CATEGORY: GSP CO:TO:T:T LAC
TO : REGIONAL DIRECTORS FOR COMMERCIAL OPERATIONS, DISTRICT
AND PORT DIRECTORS
FROM : DIRECTOR
OFFICE OF TRADE OPERATIONS
SUBJECT: UPDATE ON EXPIRATION OF THE GSP
PASS TO: ALL CUSTOMS OFFICERS, BROKERS AND IMPORTERS
THE GENERALIZED SYSTEM OF PREFERENCES WILL EXPIRE AT MIDNIGHT
ON JULY 4, 1993. THIS MESSAGE MERELY PROVIDES AN UPDATE ON THE
STATUS OF LEGISLATION THAT WOULD RENEW THE GSP RETROACTIVELY TO ITS
DATE OF EXPIRATION.
THE HOUSE OF REPRESENTATIVES APPROVED A 15-MONTH EXTENSION OF
THE GSP IN ITS VERSION OF THE 1993 BUDGET RECONCILIATION ACT; THE
SENATE VERSION OF THE ACT, WHICH WAS APPROVED ON JUNE 24, DOES NOT
INCLUDE A GSP RENEWAL PROVISION. A CONFERENCE COMMITTEE WILL BE
APPOINTED IN MID-JULY TO RECONCILE THE HOUSE AND SENATE VERSIONS
OF THE ACT. THE CONFERENCE VERSION OF THE ACT WILL THEN BE VOTED
ON BY BOTH CHAMBERS OF THE CONGRESS, PERHAPS IN LATE-JULY. IF
PASSED, IT WILL BE SENT TO THE PRESIDENT FOR SIGNATURE. IT IS NOT
KNOWN AT THIS TIME WHETHER THE GSP RENEWAL PROVISION WILL BE
INCLUDED IN THE RECONCILED VERSION OF THE ACT.
FOR ADDITIONAL INFORMATION ON GSP RENEWAL, AND FACTORS THAT
WILL AFFECT ITS CHANCES FOR SUCCESS, INTERESTED PARTIES MAY WISH
TO READ AN ARTICLE BY JOHN MAGGS--"ADMINISTRATION RELEASES TRADE
PREFERENCE LIST"--THAT APPEARED ON PAGE 3A OF THE JOURNAL OF
COMMERCE ON JUNE 28, 1993.
CUSTOMS WILL ISSUE AN UPDATE IF THERE ARE CHANGES IN THE
STATUS OF GSP RENEWAL.
PHILIP METZGER