Tariff Relief Assistance for Developing Economies (TRADE) Act of 2007

The Tarriff Relief Assistance for Developing Economies (TRADE) Act of 2007 (S.652) is a bill intended to help developing countries by giving them preferential treatment in trade with the United States.

Bill summary
The measure would authorize the president to designate certain less-developed countries as eligible to receive duty-free treatment for certain articles that are grown, produced, or manufactured in such countries. The bill would ask the president to act on the advice of the International Trade Commission (ITC). The beneficiary countries would have to meet certain standards for qualification, based on the eligibility requirements of the African Growth and Opportunity Act (AGOA) and the Trade Act of 1974.



TRADE Act of 2007 Countries
The bill would impact the following nations:


 * Afghanistan
 * Bangladesh
 * Bhutan
 * Cambodia
 * Kiribati
 * Laos (Lao People's Democratic Republic)
 * Maldives
 * Nepal
 * Samoa
 * Solomon Islands
 * Timor-Leste (East Timor)
 * Tuvalu
 * Vanuatu
 * Yemen
 * Sri Lanka

Senate action on the bill
The bill was introduced on February 15, 2007 by Sen. Gordon Smith (R-Ore.) and referred to the Committee on Finance. The bill was co-sponsored by Sen. Christopher Bond (R-Mo.), Sen. Larry Craig (R-Idaho), Sen. Dianne Feinstein (D-Calif.), and Sen. John Sununu (R-N.H.).

External resources

 * THOMAS page on the bill (S.652)