House Extends Andean Trade Preferences
WASHINGTON, D.C. – The House of Representatives today approved by voice-vote H.R. 5264, providing for a ten-month extension of Andean Trade Preference Programs. The measure now moves to the Senate for consideration.
"The complementary nature of the Andean trade preference program has generated wide-spread support for its extension, including support from both the business community and the labor community," said Ways and Means Trade Subcommittee Chairman Sander M. Levin (D-MI). "Failure to extend the Andean preference program would be mutually disadvantageous to both the United States and to these four countries. I hope the Senate will quickly follow our lead and pass this ten-month extension so that it can be signed into law as soon as possible."
The current set of Andean preferences will expire on Friday, February 29 without action by Congress and the President to extend them. A copy of the Committee-approved legislation is available on the Ways and Means website.