CITA Reduces Textile TPL Limit for Nicaragua by 3.6 Percent
The Commerce Department Committee for the Implementation of Textile Agreements said it's amending the 2012 Tariff Preference Level for Nicaragua to 96,529,059 square meters equivalent to account for the shortfall in meeting the one-to-one commitment for cotton and man-made fiber woven trousers exported from Nicaragua to the U.S., in a Federal Register notice.
Sign up for a free preview to unlock the rest of this article
If your job depends on informed compliance, you need International Trade Today. Delivered every business day and available any time online, only International Trade Today helps you stay current on the increasingly complex international trade regulatory environment.
The Pension Protection Act authorizes the President to reduce the overall limit in the TPL if he decides Nicaragua has failed to comply with the one-to-one commitment. The President delegated to CITA the authority to determine compliance.
For 2011, the shortfall was 3,470,941 square meters equivalent, CITA said. This amount is being deducted from the 2012 TPL, resulting in a new TPL level for 2012 of 96,529,059 square meters equivalent.
Further information: Richard Stetson, International Trade Specialist, Office of Textiles and Apparel, U.S. Department of Commerce, (202) 482-2582.