As a follow-up to last month’s article, Trade Promotion Authority (TPA) was tagged onto the Defending Public Safety Employees’ Retirement Act and signed into law on June 29. Before TPA was enacted, supporting and opposing parties agreed on one thing: it would assist in locking down the Trans-Pacific Partnership (TPP). Also known as “fast-track,” TPA…
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On June 29 President Obama signed H.R. 1295, which retroactively renewed the Generalized System of Preferences (GSP). Long awaited by many U.S. importers, GSP’s renewal allows nearly 5,000 products from 122 designated beneficiary countries and territories to once again be eligible for duty-free entry into the U.S. However, the good news doesn’t stop there. GSP’s…
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Thousands have been evacuated throughout southern China following landfall of Typhoon Linfa earlier this week and in anticipation of incoming Typhoon Chan-hom. Typhoon Linfa hit the southern coast of China on Thursday, prompting the closure of Hong Kong International Airport that afternoon. Chan-hom is expected to touch down on Saturday in Fujian or Zhejiang province.…
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