U.S. trade facilitation law is enacted

U.S. trade facilitation law is enacted

President Obama on 24 February 2016 signed into law H.R. 644, the “Trade Facilitation and Trade Enforcement Act of 2015.” The new law includes:

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  • A provision that increases the amount of “de minimis value” from $200 to $800
  • A measure that allows importers to claim "substitution drawback" on items exported from the United States
  • Measures that are focused on trade facilitation and trade enforcement (including items concerning the Automated Commercial Environment, international trade data system, and authorizing the Customs and Border Protection’s “Centers of Excellence and Expertise”)
  • Provisions that provide for the establishment of a new importer program
  • Rules that concern customs broker identification of importers and requirements that are applicable to non-resident importers
  • Measures that are related to the protection of imports involving intellectual property rights, including programs for international cooperation and information sharing
  • Items that concern antidumping and countervailing duties 

 

Read the bill text [PDF 994 KB]

 

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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