On February 28, 2006, President Bush issued Proclamation 7987 to amend the Harmonized Tariff Schedule (HTS), etc., to implement the U.S.-Dominican Republic- Central America Free Trade Agreement (DR-CAFTA) for El Salvador.
Harmonized Tariff Schedule
The Harmonized Tariff Schedule (HTS) is a reference manual that provides duty rates for almost every item that exists. It is a system of classifying and taxing all goods imported into the United States. The HTS is based on the international Harmonized System, which is a global standard for naming and describing trade products, and consists of a hierarchical structure that assigns a specific code and rate to each type of merchandise for duty, quota, and statistical purposes. The HTS was made effective on January 1, 1989, replacing the former Tariff Schedules of the United States. It is maintained by the U.S. International Trade Commission, but the Customs and Border Protection of the Department of Homeland Security is responsible for interpreting and enforcing the HTS.
On February 28, 2006, President Bush issued Proclamation 7987 to amend the Harmonized Tariff Schedule (HTS), etc., to implement the U.S. - Dominican Republic Central - America Free Trade Agreement (DR-CAFTA) for El Salvador.
U.S. Customs and Border Protection (CBP) has issued a memorandum which contains instructions on the retroactive application of the preferential tariff provisions1 of the U.S. - Dominican Republic - Central America Free Trade Agreement (DR-CAFTA) to qualifying textile or apparel goods of eligible DR-CAFTA countries that were entered or withdrawn from warehouse for consumption on or after January 1, 2004 and before March 1, 2006, the DR-CAFTA's effective date for El Salvador, which is currently the only country to which such benefits apply.
The International Trade Commission (ITC) has posted to its Web site a March 1, 2006 Harmonized Tariff Schedule of the U.S. (HTS). The March 1, 2006 version of the HTS (Revision 1) reflects the changes necessary to implement the U.S. - Central America - Dominican Republic Free Trade Agreement (CAFTA-DR) for El Salvador.
On February 28, 2006, President Bush issued Proclamation 7987 to amend the Harmonized Tariff Schedule (HTS), etc., to implement the U.S. - Dominican Republic -Central America Free Trade Agreement (DR-CAFTA) for El Salvador.
U.S. Customs and Border Protection (CBP) has scheduled the next Customs Broker License Examination for Monday, April 3, 2006.
The International Trade Commission (ITC) has issued a notice announcing that, following a request from the U.S. Trade Representative (USTR), it has instituted an investigation in order to provide advice concerning the probable economic effect of providing duty-free treatment for imports under a free trade agreement (FTA) with Korea, and will seek input through a public hearing on April 20, 2006.
President Bush has issued Proclamation 7981 in order to reinstate Liberia's duty-free benefits under the Generalized System of Preferences (GSP) program. In addition, the President has determined that Liberia should be designated as a least-developed beneficiary developing country (LDBDC).
U.S. Customs and Border Protection (CBP) has issued a notice on the recent revision to Harmonized Tariff Schedule (HTS) Chapter 61 Statistical Note 6 (Note 6), which is used for the quota exclusion available to certain China origin knit to shape shirts and blouses of Heading 6110.
The International Trade Commission (ITC) has posted to its Web site an amended version of Chapter 61, Statistical Note 6 on certain knit to shape shirts and blouses of Heading 61101 of the 2006 Harmonized Tariff Schedule (HTS). Government sources expect the amended note to be retroactive to January 1, 2006.