CBP Close to MPF Restructuring Proposal, Says CBP Adviser
CBP is nearing a proposal that would restructure the current merchandise processing fee requirements to align with Trans-Pacific Partnership provisions, said Patrick Schmidt, an adviser to CBP Commissioner Gil Kerlikowske. "We have identified a potential restructuring option," said Schmidt. "As…
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we as we come pretty close to a conclusive recommendation on that end, we'll be working closely with [the U.S. Trade Representative] and our Congressional stakeholders to provide more detailed information on exactly what the restructuring recommendation looks like." Schmidt expects such a recommendation will be released in "coming weeks." CBP is said to be considering a "multi-tiered" approach to MPF as a possible means to satisfy a TPP prohibition on ad valorem import and export fees (see 1601280044). Schmidt discussed the issue briefly during a conference call with reporters on Feb. 26.