CBP Adds Australia FTA to its Comparison of the GSP and NAFTA, SFTA, and UCFTA
U.S. Customs and Border Protection (CBP) has updated its comparison of various trade agreements and trade programs in order to add the Australia Free Trade Agreement (UAFTA).
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In addition to the recently added UAFTA, 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).
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
Whether Direct Shipment Is Required
Special Origination Rules
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
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
(See ITT's Online Archives or 12/06/04 news, 04120615, for BP summary on the previous version of CBP's trade agreement/program comparison.
See ITT's Online Archives or 12/23/04 news, 04122305, for BP summary of Proclamation 7857, which amended the HTS in order to implement the UAFTA, which became "generally" in effect for goods with a time of entry on or after January 1, 2005.)
CBP's trade agreement/program comparison (dated 03/28/05) available at http://www.cbp.gov/linkhandler/cgov/import/international_agreements/fta_comparison.ctt/fta_comparison.doc