Trade Preference Programs
Preference programs are trade benefits that the U.S. government provides to developing countries to promote a more prosperous and sustainable global economy. By offering duty-free treatment for imports of certain products into the United States from developing countries, these programs support the creation of new economic opportunities in the developing world. They also reduce the cost of goods, such as manufacturing inputs, in the U.S. market.
Specifically authorized by Congress to help spur international development, each of the US trade preference programs includes eligibility criteria reflecting a broad commitment to market economics and fair trade. DOL/ILAB serves on the interagency body that administers these trade programs and monitors beneficiary countries' compliance with the eligibility criteria established by Congress.