International Trade Today is providing readers with some of the top stories for Jan. 3-6 in case they were missed.
The International Trade Commission on Jan. 1 posted the Preliminary Edition of the 2017 Harmonized Tariff Schedule (here). The new HTS implements a wide range of changes to the World Customs Organization’s Harmonized System tariff nomenclature, which forms the basis for the HTS, that took effect at the beginning of 2017. This is the sixth and final part of International Trade Today's multipart summary, covering vehicles, precision instruments, manufactured articles and special tariff provisions under chapters 87-99. This part also includes a list of subheadings that were assigned the special program indicator (SPI) "NP" to denote eligibility for the Nepal Preference Program.
International Trade Today is providing readers with some of the top stories for 2016 in case they were missed.
The following lawsuits were filed at the Court of International Trade during the week of Dec. 25 - Jan. 1:
The International Trade Commission on Jan. 1 posted the Preliminary Edition of the 2017 Harmonized Tariff Schedule (here). The new HTS implements a wide range of changes to the World Customs Organization’s Harmonized System tariff nomenclature, which forms the basis for the HTS, that took effect Jan. 1. The Preliminary Edition also includes changes to rules of origin and eligibility for preferences programs and to statistical suffixes in the HTS.
The following lawsuits were filed at the Court of International Trade during the week of Nov. 21-27:
Some 11 products look set to exceed competitive need limitations (CNLs) for calendar year 2016 and lose their eligibility for duty-free access under the Generalized System of Preferences, the U.S. Trade Representative said (here). Products that may exceed CNL waivers in 2016 include the following:
NEW YORK -- Donald Trump's presidential election victory likely further reduces the chances for the approval of pending free trade agreements with Asia and Europe, trade policy experts said Nov. 9 at the Apparel Importers Trade and Transportation Conference. There also are some early indications as to who might head up trade policy under Trump, most of whom have a more "protectionist" bent, said David Spooner, a lawyer with Barnes & Thornburg who was assistant secretary of commerce for import administration under President George W. Bush. Still, the likely "chaos" from Trump's trade policy may also provide for new opportunities for positive change, he said.
The Office of the U.S. Trade Representative will conduct a public review to determine whether to add Argentina as a Generalized System of Preferences (GSP) beneficiary developing country, USTR announced Nov. 7 as officials from the countries met in Buenos Aires for the inaugural meeting of the U.S.-Argentina Council on Trade and Investment (here). Argentine President Mauricio Macri’s administration requested the U.S. consider re-designating the country as eligible for GSP benefits, after the U.S. suspended Argentina from the program in 2012 over a cited failure to pay arbitral awards to the U.S. (see 12032738), USTR said. During the meeting, U.S. Trade Representative Michael Froman recognized Argentina’s settlement of outstanding arbitral awards with two U.S. companies in late 2013, according to USTR. The meeting was conducted pursuant to the U.S.-Argentina Trade and Investment Framework Agreement signed in March.
International Trade Today is providing readers with some of the top stories for Oct. 31 - Nov. 4 in case they were missed.