Chevron supports the legislation passed today to extend trade preference programs including GSP and the Andean Trade Preferences program. We have long supported trade preference programs for the important benefits they bring to U.S. firms, workers and to the beneficiary countries. We are pleased that Congress has seen fit to include an accelerated review of Ecuador’s compliance with the program, which will provide the Administration with the opportunity to continue to monitor the issues raised about Ecuador in its June 30th report to the Congress on the operation of the Andean Trade Preferences Program.
Concerns about the rule of law, politicization of the judicial process and treatment of U.S. companies in Ecuador require regular monitoring to ensure that Ecuador meets the obligations required in order to enjoy these trade benefits. We also believe the shorter term extension provides an opportunity for the program’s important benefits to be extended while Congress undertakes a broader review of the programs.
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