AGOA, GSP Make Headway to Congress
House and Senate committees voted to extend the expiring trade preference programs. AGOA helps African countries develop by lowering U.S. tariffs for their exports. The reauthorization would extend AGOA for 10 years, including for third-country fabrics to help nature the fledgling textile and apparel industry in Africa.
White House Reports Highlights Positive Impacts of Trade and FTAs
As the debate over trade policy heats up in Washington and around the country, the Obama administration released this week a report highlighting the positive effects of enhanced U.S. trade and free trade agreements. About half of all the U.S. imports are inputs that businesses use to produce final goods, which lower production costs by making a greater variety of inputs available at lower prices.
Some of the world's biggest container ships are about 1,300 ft long- that's nearly 400 meters or the distance around an Olympic running track- with a maximum width of 180 ft ( 55 meters).Their engines weigh 2,300 tons, their propellers 130 tons, and there are twenty-one stories between their bridge and their engine room.
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