According to a press release issued by the Chairman of the Senate Finance Committee, on March 4, 2004, the Senate passed its version of the Miscellaneous Trade and Technical Corrections Act of 2003.
Customs Duty
A Customs Duty is a tariff or tax which a country imposes on goods when they are transported across international borders. Customs Duties are used to protect countries' economies, residents, jobs, and environments, by limiting the flow of imported merchandise, especially restricted and prohibited goods, into the country. The Customs Duty Rate is a percentage determined by the value of the article purchased in the foreign country and not based on quality, size, or weight.
The Office of the U.S. Trade Representative (USTR) has posted to its Web site the draft text of the U.S.-Australia Free Trade Agreement (AFTA), which is dated March 1, 2004.
The Office of the U.S. Trade Representative (USTR) has issued a press release announcing that on March 2, 2004, the U.S. and Morocco reached agreement on a comprehensive free trade agreement (FTA).
The International Trade Administration (ITA) has issued a notice announcing the opportunity to request administrative reviews of the following antidumping (AD) and countervailing (CV) duty orders:
President Bush has issued Proclamation 7758 in order to delete ten countries from, and add one country to, the list of Generalized System of Preferences (GSP) beneficiary developing countries.
The International Trade Administration (ITA) has issued its preliminary results of the antidumping (AD) duty changed circumstances review of carbon and certain alloy steel wire rod from Canada.
U.S. Customs and Border Protection (CBP) has issued messages on a number of antidumping (AD) and countervailing (CV) duty actions, many of which (marked by an * in the action column) were previously published in the Federal Register by the International Trade Administration (ITA) and summarized in International Trade Today.
U.S. Customs and Border Protection (CBP) has issued a notice regarding the visa and Certificate of Origin/Eligibility numbers for the U.S.-Singapore Free Trade Agreement's (SFTA's) tariff preference level (TPL) for certain cotton or man-made fiber (MMF) apparel.
European Union (EU) sources have confirmed that effective March 1, 2004, the EU will impose additional customs duties on imports of certain U.S.-origin products in connection with the EU's World Trade Organization (WTO) dispute over the U.S. Foreign Sales Corporation/Extraterritorial Income Exclusion Act (FSC/ETI) tax regime.
U.S. Customs and Border Protection (CBP) has issued electronic bulletin board (CEBB) messages which contain new instructions from the International Trade Administration (ITA) on accepting blanket certifications for certain exclusions from the countervailing (CV) duty order on dynamic random access memory semiconductors (DRAMS) from South Korea (C-580-851).