Thursday, December 19, 2013

Travel Goods Bill Introduced in Senate

The American Apparel & Footwear Association ("AAFA") this week announced that it welcomed the introduction of the Generalized System of Preferences Update for Production Diversification and Trade Enhancement ("UPDATE") Act, legislation that would make U.S. imports of travel goods like luggage, backpacks and handbags, among other items, eligible for duty-benefits under the Generalized System of Preferences ("GSP") program. According to the AAFA announcement the GSP UPDATE Act introduced this week in the U.S. Senate by Senators Mark Begich (Dem., Arkansas) and Roy Blunt (Rep., Missouri) is a companion to a bill introduced in the U.S. House of Representatives on May 22, 2013.

Agathon Associates has previously reported on the House bill, H.R. 2139.

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