Congress Extends AGOA Third-Country Fabric Provision and Reauthorizes Burma Sanctions
August 2, 2012
On August 2, 2012, both the U.S. House or Representatives and the U.S. Senate passed legislation (S. 3326 and H.R. 5986 ) extending the Africa Growth and Opportunity Act’s (AGOA’s) third-country fabric provision and reauthorizing sanctions against Burma. The legislation extends for three years AGOA’s third-country fabric provision, which was scheduled to expire on September 30, 2012. It also adds South Sudan to the list of eligible countries. With regard to Burma Sanctions, the legislation extends the President’s authority to maintain or waive the import ban on products from Burma for three years, and renews the imposition of import sanctions on products from Burma for one year. The bills also make technical corrections to the Harmonized Tariff Schedule of the United States relating to the textile and apparel rules of origin for the Dominican Republic-Central America-United States Free Trade Agreement.
For further information, please continue to visit www.barnesrichardson.com or contact a Barnes/Richardson attorney.