Facebook Pinterest Search Icon SourcingJournal_horiz Tumbler Twitter Shape photo-camera graph-trend Shape latest-news icon / user

US House of Representatives Approves Trade Preferences Bill

Join Theory, Google, H&M, McKinsey, Foot Locker, Lafayette 148, LL Bean, the Retail Prophet and more at Sourcing Journal’s Virtual Sourcing Summit, R/Evolution: Overhauling Fashion’s Outmoded Supply Chain, Oct 14 & 15.

The U.S. House of Representatives passed the non-controversial Trade Preferences Extension Act of 2015 Thursday, and the legislation, once adopted, is expected to immediately reduce costs for U.S. apparel and footwear businesses and consumers.

In a 397-32 vote, the House approved the trade preferences bill, which includes a 10-year renewal of the African Growth and Opportunity Act (AGOA), retroactive renewal and an update to the Generalized System of Preferences (GSP) program and an extension of the Haiti HELP/HOPE program.

Read more at Sourcing Journal.

Related Articles

More from our brands

Access exclusive content Become a Member Today!