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Presidential Proclamation on GSP
Presidential Proclamation # 8788
TO MODIFY DUTY-FREE TREATMENT UNDER THE GENERALIZED SYSTEM OF PREFERENCES AND FOR OTHER PURPOSES
BY THE PRESIDENT OF THE UNITED STATES OF AMERICA
Korea Free Trade Agreement To Take Effect This Week
In a recent press release, the U.S. Trade Representative confirmed that the provisions of the U.S.-Korea Free Trade Agreement will take effect on Thursday March 15, 2012.
President Obama Establishes the Interagency Trade Enforcement Center
Washington, D.C. – United States Trade Representative Ron Kirk and U.S. Commerce Secretary John Bryson issued the following statements in response to the Executive Order signed by President Obama today establishing the Interagency Trade Enforcement Center (ITEC):
“Today, President Obama took a significant step forward in ensuring America’s continued economic growth and security by establishing the first-ever Interagency Trade Enforcement Center within the Office of the United States Trade Representative,” said Ambassador Kirk. “This new trade enforcement unit will better enable USTR and the Department of Commerce to join forces - with the support and collaboration of partner agencies like Agriculture, Homeland Security, Justice, State, Treasury and the Intelligence Community - to ensure that America’s trading partners play by the rules. It will help American workers and businesses compete and win on a fair global playing field.”
CBP Proposes Changes to the In-Bond Process
SUMMARY: Under the U.S. Customs and Border Protection (CBP) regulations, imported merchandise may be transported in-bond. This process allows imported merchandise to be entered at one U.S. port of entry without appraisement or payment of duties and transported by a bonded carrier to another U.S. port of entry provided all statutory and regulatory conditions are met. At the destination port, the merchandise is officially entered into the commerce of the United States and duties paid, or, the merchandise is exported.
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