ITA Tool Provides Tariff, Trade Data for Current and Pending FTAs
The International Trade Administration has made available on the Export.gov web site a FTA Tariff Tool, which allows users to see how U.S. and free trade agreement partner tariffs on individual products—searchable by keyword or tariff code—are treated under an FTA. Users can also see the current tariff and future tariffs applied to their products, as well as the date on which those products become duty-free.
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In addition, by combining sector and product groups, trade data, and the tariff elimination schedules, users can also analyze how various key sectors are treated under recently concluded FTAs.
Tool Includes Rates for Pending Korea, Panama, and Colombia FTAs
The FTA Tariff Data Tool is a database with all of the rates the U.S.’ Free Trade Agreement (FTA) or Trade Promotion Agreement (TPA) partners have committed to implementing and maintaining. Additionally, the database includes the tariff rates for Korea, Panama, and Colombia, although those trade agreements have not yet been implemented.
Must Know Tariff Number and Whether Product Meets Origin Rule
To use the FTA Tariff Tool, one will need to know (i) the product’s Harmonized Tariff Schedule number, and (ii) whether the product meets the FTA rule of origin.
Textile and Agriculture Goods Excluded, Not All Information is in English
According to the ITA, the current limitations to the FTA Tariff Tool are that it:
- covers “industrial good” products, but not agriculture or textile goods;
- it only includes trading partners with which the U.S. has a trade agreement; and
- product descriptions for tariff schedules not published in English are in a foreign language, such as Spanish or French.
Development of Tool is On-Going
The development of the FTA Tariff Tool will be ongoing, with plans underway to incorporate agriculture and textile information. Trade data will be updated on an annual basis and future trade agreements will be incorporated as they are negotiated.
FTA Tariff Tool, instructional video, quick start guide, and user’s manual available here