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ITC investigation, possible modifications to U.S. Generalized System of Preferences

U.S. ITC investigation

The U.S. International Trade Commission (ITC) today announced it has launched an investigation concerning possible changes to the U.S. Generalized System of Preferences (GSP).

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As noted in today’s ITC release, the investigation was requested by the U.S. Trade Representative in May 2018.

The ITC will provide advice as to the probable economic effect on U.S. imports, on U.S. industries producing like or directly competitive articles, and on U.S. consumers of the addition of the following Harmonized Tariff Schedule (HTS) subheadings to the list of GSP-eligible products for all GSP beneficiary developing countries concerning: 

  • 0808.30.40 (Pears, fresh, if entered during the period from July 1 through the following March 31, inclusive)
  • 0814.00.80 (Peel of citrus fruit, excl. orange or citron and peel, nesi, of melon, fresh, frozen, dried or provisionally preserved)
  • 1207.29.00 (Cotton seeds, whether or not broken, other than seed for sowing)
  • 1512.11.00 (Sunflower-seed or safflower oil, crude, and their fractions, whether or not refined, not chemically modified)
  • 2008.99.05 (Apples, otherwise prepared or preserved, nesi)
  • 2918.99.05 (p-Anisic acid; clofibrate and 3-phenoxybenzoic acid)
  • 2918.99.43 (Aromatic carboxylic acids with additional oxygen function and their anhydrides, halide, etc deriv described in add US note 3 to sect VI, nesoi)
  • 2918.99.47 (Other aromatic carboxylic acids with additional oxygen function and their anhydrides, halide, etc deriv (excluding goods in add US note 3 to sec VI))
  • 4010.33.30 (Transmission V-belts of vulcanized rubber, V-ribbed, circumference exceeding 180 cm but not exceeding 240 cm, combined with textile materials)

The ITC is also addressing the probable economic effect on total U.S. imports, on U.S. industries producing like or directly competitive articles, and on U.S. consumers of the removal from eligibility of certain HTS subheadings for certain GSP countries and with respect to competitive need limitation waivers (among other items).

The ITC will submit a confidential report to the U.S. Trade Representative by 7 September 2018, to be followed by the release of a public version. The ITC will hold a public hearing in connection with this investigation on 14 June 2018. 

 

For more information, contact a professional with KPMG’s Trade & Customs practice:

Douglas Zuvich | +1 (312) 665-1022 | dzuvich@kpmg.com

Andrew Siciliano | +1 (631) 425-6057 | asiciliano@kpmg.com

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