CBP Compares Features of GSP and NAFTA, UCFTA, and SFTA
U.S. Customs and Border Protection (CBP) has posted to its Web site a comparison of various trade agreements and trade programs. The trade agreements/programs compared in the document are the North American Free Trade Agreement (NAFTA), the Singapore FTA (SFTA), the Chile FTA (UCFTA, or CFTA), and the Generalized System of Preferences (GSP).
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The document provides, in table format, the following information for each of the trade agreements/programs:
General:
Agreement Name
U.S. code (USC)
Code of Federal Regulations (CFR)
HTSUS General Note number
Primary Responsibility for Compliance
Special Program Indicator (SPI)
Expiration
Importing:
Marking Rules
Merchandise Processing Fee (MPF)
Preference Criteria
General Rules of Origin
Tariff Shift Rules
Tariff Preference Levels (TPLs)
Concepts of Fiber, Yarn, and Fabric Forward
Level of Documentation or Data Required to be on File with the Importer at Time of Entry Summary
Advance Rulings
Direct Shipment
Integrated Sourcing Initiative (ISI)
Value:
Regional Value Content (RVC) Calculation Methods
General RVC Percent
Special Rules for Automotive Goods
Accumulation of Originating Materials in Non-Originating Goods
De Minimis (non-textile)
De Minimis (textile)
Inventory:
Fungible Goods
Fungible Materials
Post-Importation - Importers
Post-Importation Claims
TPL Post-Entry
- (d) Reconciliation
U. S. CBP
Verifications via CBP Form 28
Determinations via CBP Form 29
Determinations Communicated to Exporter
Joint Verification Teams
Pattern of Conduct/Denial of Future Claims Based on Prior Actions
Prior Disclosure
Additional Information
Complete Duty Phase-out Period
CBP's trade agreement/program comparison (dated 08/31/04) available at http://www.cbp.gov/linkhandler/cgov/import/international_agreements/fta_comparison.ctt/fta_comparison.doc.