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GSP
July 8, 2008

The Generalized System of Preferences (GSP) program (i.e., A, A*, and A+) for most beneficiary countries, i.e., other than those listed as African Growth and Opportunity Act (AGOA) beneficiary countries, will expire on December 31, 2008, unless a law extending it is enacted.

Non-AGOA GSP beneficiary countries include Argentina, Brazil, Bangladesh, Cambodia, India, Pakistan, Philippines, etc.

House Ways and Means May Hold GSP Hearing in July 2008

Congressional sources have previously indicated that the Senate Finance Committee had not yet decided how it will approach the issue of extending the GSP program beyond December 31, 2008.

House Ways and Means Committee sources state that they have not yet determined how they will handle the issue of extending GSP, noting that the issue is \\\"on their radar.\\\" Sources note that the House Ways and Means Committee may hold a hearing on U.S. trade preference programs in July 2008.