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.

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.

Please contact priscillar@jsconnor.com for additional updates.