Home / Knowledge / News / Textiles / USITC to study effect of duty-free imports under TPP

USITC to study effect of duty-free imports under TPP

09
Aug '12
The U.S. International Trade Commission (USITC) is seeking input for newly initiated investigations into the probable economic effect of a U.S. free trade agreement (FTA) with members of the Trans-Pacific Partnership (TPP), including Canada and Mexico.

The investigations, U.S.-Trans-Pacific Partnership Free Trade Agreement Including Canada and Mexico: Advice on the Probable Economic Effect of Providing Duty-Free Treatment for Imports, were requested by the U.S. Trade Representative (USTR) in a letter received July 19, 2012.

In the request letter, the USTR stated that Canada and Mexico have joined TPP negotiations and asked the USITC to provide advice concerning the probable economic effect of a U.S. free trade agreement with Australia, Brunei Darussalam, Canada, Chile, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam.

For the current report, the USTR asked that the USITC, among other things, identify any changes in its advice from the earlier advice that did not include Canada and Mexico. The USITC has previously provided advice to the USTR concerning the probable economic effect of providing duty-free treatment for imports of products from Australia, Brunei Darussalam, Chile, New Zealand, Peru, Singapore, and Vietnam, plus Malaysia, under a TPP FTA (those reports remain classified by the USTR).

As requested, the USITC will advise the President as to the probable economic effect of providing duty-free treatment for imports of products of the ten TPP members on industries in the United States producing like or directly competitive articles and on consumers.

In preparing its advice, the ITC will consider each article in chapters 1 through 97 of the Harmonized Tariff Schedule of the United States for which tariffs will remain, taking into account implementation of U.S. commitments in the World Trade Organization and under U.S. free trade agreements that the United States has with a TPP country.

The advice will be based on the 2011 Harmonized Tariff Schedule nomenclature and trade data for the year 2011. The advice will assume that any known U.S. non-tariff barrier will not be applicable to such imports, and the USITC will note in its report any instance in which the continued application of a U.S. non-tariff barrier would result in different advice with respect to the effect of the removal of the duty.

In addition, as requested by the USTR, the USITC will prepare an assessment of the probable economic effect of eliminating tariffs on imports of certain agricultural products of the TPP members on U.S. industries producing the product concerned and the economy as a whole. A list of the products is attached to the USTR's request letter, which can be obtained from the USITC's web site and its electronic document information system (EDIS).

The USITC expects to submit its report, which will be confidential, to the USTR by November 19, 2012.

The USITC is seeking input for these investigations from all interested parties and requests that the information focus on the issues for which the USITC is requested to provide information and advice.


Must ReadView All

Pic: Ritu Manoj Jethani / Shutterstock.com

Apparel/Garments | On 31st Jul 2021

US firm Steve Madden moves production to Mexico & Brazil from China

As supply chain disruption remains a significant challenge, American...

Pic: GBG USA

Apparel/Garments | On 31st Jul 2021

Apparel & footwear firm GBG USA files for bankruptcy protection

GBG USA, an indirect wholly owned subsidiary of Global Brands Group...

Pic: Shutterstock

Apparel/Garments | On 31st Jul 2021

Asian garment industry market concentration, consolidation rise: ILO

Although Asia's garment market rose in size in value terms before the ...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Next level is to inject new features:

Textile Industry, Head honchos

Textile Industry
Head honchos

Uniform designing is a numbers game

Textile Industry, Head honchos

Textile Industry
Head honchos

Always best to produce under own supervision

Aashumi Mahajan,

Aashumi Mahajan

Luxe Maison is a premiere haute couture e-boutique established after 2015. ...

Harleen Kaur,

Harleen Kaur

Established in 2017 and headquartered New York, the label Harleen Kaur...

Shambhu Nath Jha,

Shambhu Nath Jha

Leading research and consulting firm Fact.MR recently launched a report on ...

Pranesh Sridharan & Berndt Koll, Lenzing

Pranesh Sridharan & Berndt Koll
Lenzing

The Lenzing Group produces Lenzing Lyocell and Modal cellulosic fibres of...

Robert Brookins, Alexium International

Robert Brookins
Alexium International

Alexium International is a specialty chemical development company...

Shujaul Rehman, Garware Technical Fibres

Shujaul Rehman
Garware Technical Fibres

Garware Technical Fibres Ltd (formerly Garware-Wall Ropes Ltd) is a...

Sarah Denise Cordery, Sarah Denise Studio

Sarah Denise Cordery
Sarah Denise Studio

Manchester, England-based Sarah Denise Studio provides relevant fashion...

Suman Nathwani, Suman Nathwani

Suman Nathwani
Suman Nathwani

Designer <b>Suman Nathwani</b> talks about her journey of opening a...

Archana Jaju, Label Archana Jaju

Archana Jaju
Label Archana Jaju

<b>Archana Jaju</b>’s Hyderabad-based eponymous label works with artisans...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


July 2021

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search