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View Diary: UPDATED: Ecuadoran President Ego Checks Ecuardoran Co-President Julian Assange (52 comments)

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  •  They didn't end it. the Andean Trade Preference (5+ / 0-)

    Agreement doesn't expire until the end of July.

    After that, they'll still get duty exempt or reduced status under the Generalized System of Preferenced (GSP) program.  This is also due to expire at the end of the month, when all GSP countries (not just Ecuador) will lose their GSP status.

    Keep in mind though, GSP always expires every couple of years, and Congress always re-authorizes it.

    This is nothing but bluster coming from the Ecuadoran President, counting on people to know nothing about international trade agreements and how they're currently configured.

    •  GSP (6+ / 0-)

      Can't Congress easily take Ecuador off the GSP list?  They can still reauthorize GSP, just without Ecuador getting those benefits.

      Cynicism is what passes for insight among the mediocre.

      by Sky Net on Fri Jun 28, 2013 at 02:57:13 PM PDT

      [ Parent ]

      •  One would presume so (1+ / 0-)
        Recommended by:
        etherealfire

        But that would require an additional vote and we know how iffy those things are when there is not a WASP male in the Oval Office.

      •  Just fyi, GSP countries go on the list (0+ / 0-)

        and off the list, for a variety of reasons usually determined by the US Trade Representative's office.

        From the GSP guidebook:

        Are the lists of eligible articles and countries ever modified?

        Yes. The GSP Subcommittee of the Trade Policy Staff Committee (TPSC), chaired by the
        USTR and comprised of representatives of other executive branch agencies, conducts an annual
        review during which changes are considered to the lists of articles and countries eligible for
        duty-free treatment under GSP. Modifications made pursuant to the annual review are
        implemented by executive order, or Presidential Proclamation
        , and are published in the Federal
        Register. Modifications to the list typically take effect on July 1 of the calendar year after the
        next annual review is launched but may also be announced and become effective at other times
        of the year. The modifications are reflected in the electronic and hard copy versions of the
        HTSUS published by the USITC.

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