On January 25, 2011, the House Ways and Means Committee held a hearing on the pending free trade agreements with Korea, Colombia, and Panama.
The International Trade Commission has issued a Federal Register notice of its investigation, "Advice Concerning Possible Modifications to the U.S. Generalized System of Preferences, 2010 Review of Competitive Need Limitation Waivers" (Inv. 332-522). ITC is investigating the impact of granting waivers of the CNL for four country/tariff number combinations. It will hold a public hearing on February 17, 2011, and comments are due by February 24, 2011. It is expected to submit its report to the U.S. Trade Representative by April 11, 2011. Note that the GSP program expired on December 31, 2010, but is expected to be renewed. (See ITT's Online Archives or 01/11/11 news, 11011115, for previous BP summary of this investigation.)
Broker Power is providing readers with some of the top stories for January 3-7, 2011 in case they were missed last week.
The International Trade Commission announced on January 10, 2011 that it is seeking input for a newly initiated investigation concerning possible modifications to the Generalized System of Preferences. In particular, it is investigating the impact of granting waivers of the competitive need limit (CNL) for four country/tariff number combinations.
Broker Power is providing readers with some of the top ITT articles for December 20 - December 30, 2010, in case they were missed during the holiday season.
U.S. Customs and Border Protection has issued CSMS messages regarding the expiration of the Generalized System of Preferences program for most beneficiary countries and the extension of the Andean Trade Preferences Act/Andean Trade Promotion and Drug Eradication Act (ATPA/ATPDEA) for Colombia and Ecuador.
On December 29, 2010, the President signed into law H.R. 6517, the Omnibus Trade Act.
The Office of the U.S. Trade Representative has issued a notice announcing the competitive need limitation waiver petitions1 that have been accepted for further review as part of the 2010 Generalized System of Preferences Annual Review.
The International Trade Commission has posted the January 1, 2011 Harmonized Tariff Schedule to its Web site.
The amended version of H.R. 6517, the Omnibus Trade Act, which was passed by the House and Senate on December 22, 2010, is now available. This measure has been cleared for the White House, and the President is expected to sign it into law.