The House approved the trade preferences bill, retroactive renewal and an update to the Generalized System of Preferences (GSP) program and an extension (of 10 years – until 2025]) the Haiti HELP/HOPE program. The House also approved the extension of the African Growth and Opportunity Act (AGOA).
“Extension of the AGOA and the Haiti preferences program allows clothing and shoe companies to maintain business in those regions without disruption and with certainty that these key trade platforms will not expire,” American Apparel and Footwear Association president and CEO Juanita D. Duggan said in a statement.
“The trade preferences legislation will provide immediate benefits to clothing and shoe companies. We are pleased to see the House pass the package today with overwhelming support and urge the Senate to follow suit promptly so that the legislation can be quickly signed into law,” Duggan said. via – Textile News