CBP Says 28% of Non-Textile Imports Used SPI in FY19
Non-textile imports that used a special program indicator to receive FTA preferential treatment accounted for $650 billion, or 28%, of the total import value of $2.4 trillion during fiscal year 2019, CBP said in a report released March 5. Percentage-wise,…
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the Bahrain Free Trade Agreement was the most highly utilized SPI, with 99% of those imports using the SPI. By import value, NAFTA accounted for the most used SPI. The NAFTA SPI was used on about $240 billion worth of imports, or 82%, of the $353 billion of total NAFTA imports during FY19, it said.