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GSP SCHEDULED TO EXPIRE
May 22, 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.

GSP for AGOA Countries Does Not Expire in 2008

Both the GSP program (i.e., A, A*, and A+) and the AGOA-GSP program (i.e., D) for AGOA beneficiary countries remains in effect through September 30, 2015.

Congressional Plans for an Extension Not Yet Known

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

It is not yet known what action the House Ways and Means Committee will take regarding an extension of the GSP program.