Sleeping-Bag Maker Wins Obama Help With Bangladesh Imports
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An Alabama maker of sleeping bags fighting low-cost competition from Bangladesh won a victory as President Barack Obama excluded the imports from U.S. tariff reductions for developing nations.
The move announced yesterday by the U.S. Trade Representative’s office came in the annual review of the reductions, known as the Generalized System of Preferences. The benefits lapsed at the end of 2010 and were renewed in October along with approval of free-trade agreements with South Korea, Colombia and Panama.