In January, the 2nd Session of the 112th Congress convened; and with the November elections looming, the prospects for major legislative achievements are small. While the political tension probably means that large – and potentially controversial – bills, such as a miscellaneous tariff suspension are likely off the table for 2012, a number of trade agreements, and related issues, are expected to be considered this year. Given the bipartisan concern regarding the economy and the nation’s standing in the global marketplace, trade often is one area of rare bipartisan agreement and legislative action.

 

Source: Customs & International Trade Alert
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