Interviews
Special import quota #103 for Upland Cotton
03 Sep '10
2 min read
The Department of Agriculture's Commodity Credit Corporation announced a special import quota for upland cotton that permits importation of a quantity of upland cotton equal to one week's domestic mill use. The quota will be established on September 9, 2010, allowing importation of 14,977,489 kilograms (68,791 bales) of upland cotton.
This action is being carried out under the authority of PL 110-246, enacted June 18, 2008, which requires that a special import quota be determined and announced immediately if, for any consecutive 4-week period, the U.S. Far East price exceeds the prevailing world market price. This condition was met during the consecutive 4-week period ending.
Quota number 103 will be established as of September 9, 2010, and will apply to upland cotton purchased not later than December 7, 2010, and entered into the U.S. not later than March 7, 2011. The quota is equivalent to one week's consumption of cotton by domestic mills at the seasonally-adjusted average rate for the period May 2010 through July 2010, the most recent three months for which data are available.
The announced quota is established under Presidential Proclamation 6301 dated June 7, 1991, and Presidential Proclamation 6948 dated Oct. 29, 1996, and will be referenced as the Secretary of Agriculture's Special Cotton Import Quota Announcement Number 103, in chapter 99, subchapter III, subheading 9903.52.103 of the HTS.
The quota is not divided by staple length or by country of origin, and does not apply to Extra Long Staple (ELS) cotton. The quota identifies a quantity of imports that is not subject to the over quota tariff rate of a tariff rate quota. The quota does not affect existing tariff rates or phytosanitary regulations. Future quotas, in addition to the quantity announced, will be established if price conditions warrant.
This action is being carried out under the authority of PL 110-246, enacted June 18, 2008, which requires that a special import quota be determined and announced immediately if, for any consecutive 4-week period, the U.S. Far East price exceeds the prevailing world market price. This condition was met during the consecutive 4-week period ending.
Quota number 103 will be established as of September 9, 2010, and will apply to upland cotton purchased not later than December 7, 2010, and entered into the U.S. not later than March 7, 2011. The quota is equivalent to one week's consumption of cotton by domestic mills at the seasonally-adjusted average rate for the period May 2010 through July 2010, the most recent three months for which data are available.
The announced quota is established under Presidential Proclamation 6301 dated June 7, 1991, and Presidential Proclamation 6948 dated Oct. 29, 1996, and will be referenced as the Secretary of Agriculture's Special Cotton Import Quota Announcement Number 103, in chapter 99, subchapter III, subheading 9903.52.103 of the HTS.
The quota is not divided by staple length or by country of origin, and does not apply to Extra Long Staple (ELS) cotton. The quota identifies a quantity of imports that is not subject to the over quota tariff rate of a tariff rate quota. The quota does not affect existing tariff rates or phytosanitary regulations. Future quotas, in addition to the quantity announced, will be established if price conditions warrant.
United State Department of Agriculture
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