Strange Day in the GSP World

Press reports indicate that the Obama administration will suspend GSP benefits for Bangladesh following a long review by the Office of the U.S. Trade Representative, although the official announcement has not been released.

Meanwhile, it appears that Ecuador has decided to unilaterally renounce its ATPA benefits, claiming that the United States was attempting to use them as “blackmail” to prevent Ecuador from granting asylum to Edward Snowden. It is not clear whether Ecuador also intended to renounce GSP benefits, but certain Members of Congress seem to think it’s appropriate.

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