Sen. Wyden said he hopes to move in an expeditious way on legislation similar to that approved by the Senate with strong bipartisan support three years ago. The lapse of GSP in 2020 has resulted in US companies shifting supply chains back to China, he said.
Sen. Wyden also touched on renewal of the African Growth and Opportunity Act, which expires next year, saying Congress will need to look at how to encourage the use of the program and how to modernize it to address digital trade and innovation.
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