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Message: <blockquote data-quote="lkdood" data-source="post: 11187510" data-attributes="member: 92282"><img src="http://upload.wikimedia.org/wikipedia/commons/thumb/e/e2/Flag_of_the_United_States_%28Pantone%29.svg/125px-Flag_of_the_United_States_%28Pantone%29.svg.png" alt="" class="fr-fic fr-dii fr-draggable " style="" /><img src="http://upload.wikimedia.org/wikipedia/commons/thumb/4/41/US-TradeRepresentative-Seal.svg/140px-US-TradeRepresentative-Seal.svg.png" alt="" class="fr-fic fr-dii fr-draggable " style="" /><img src="http://upload.wikimedia.org/wikipedia/commons/thumb/1/11/Flag_of_Sri_Lanka.svg/125px-Flag_of_Sri_Lanka.svg.png" alt="" class="fr-fic fr-dii fr-draggable " style="" />The U.S. government is still reviewing the petition  filed against the extension of the Generalized System of Preferences  (GSP) trade benefit for Sri Lanka, its embassy in Colombo said on  Saturday. U.S. President Barack Obama had on Friday signed into law the  reauthorization of the GSP trade benefit for Sri Lanka and several other  countries after it lapsed in December last year. The bill makes GSP  benefits retroactive to Jan. 1, 2011. As the GSP program was renewed retroactively, Sri Lankan exporters  will be reimbursed for tariffs paid during the gap period, the U.S.  embassy. However the embassy said the U.S. Trade Representative's office which  had accepted petitions to review whether Sri Lanka met GSP eligibility  criteria related to worker rights is still reviewing the petition. "That review is still pending and the U.S. government continues to  have productive discussions with the government of Sri Lanka. However  GSP benefits are unaffected throughout this review process, " the U.S.  embassy said. As part of the normal GSP process in the United States, the U.S.  Trade Representative's office receives petitions to withdraw or limit a  country's benefits on criteria including whether a country is taking  steps to afford internationally recognized standards for worker rights. The U.S. GSP is a program designed to promote economic growth in the  developing world by providing preferential duty-free entry for up to  4,800 products from 129 designated beneficiary countries and territories  including Sri Lanka, which benefited from GSP treatment on  approximately 147 million U.S. dollars of goods in 2010.Xinhua</blockquote>

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