Obama Signs GSP Renewal, Other Trade Bills Into Law
President Barack Obama signed into law on June 29 the Trade Preferences Extension Act and the Bipartisan Congressional Trade Priorities and Accountability Act, the most recent version of Trade Promotion Authority. The preference package includes renewals for the Generalized System…
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of Preferences, the African Growth and Opportunity Act, two Haiti tariff preference levels, Trade Adjustment Assistance and a host of new tariff changes (see 1504230001). Republican leadership in Congress praised the passage of TPA as a critical step in locking down the Trans-Pacific Partnership and other trade pacts. "This measure will strengthen the hand of U.S. negotiators, allowing them to secure the best deal for American workers while maintaining new, rigorous standards of transparency and accountability," said House Speaker John Boehner, R-Ohio, in a statement.