2008 DR-CAFTA TPL
for Nicaragua Apparel
Decreased
The Committee for the Implementation of Textile Agreements has issued a
notice announcing that the U.S.-Dominican Republic-Central America Free Trade
Agreement 2008 tariff preference level for certain non-originating Nicaragua
apparel of cotton or man-made fiber, or subject to cotton or MMF restraints,
in HTS Chapter 99, Subchapter XV, U.S. Note 15 was decreased to
87,897,046 SME (from 100,000,000 SME) effective June 27, 2008.
According to CITA, this TPL was decreased to account for the shortfall
in meeting the one-to-one commitment for cotton and MMF woven trousers
exported from Nicaragua to the U.S.
(The Pension Protection Act of 2006 (Public Law 109-280) authorizes the
President to proclaim a reduction in the overall limit in the DR-CAFTA1
TPL for Nicaragua if it is determined that Nicaragua has failed to comply with
a commitment regarding the purchase of U.S. trouser fabric. Nicaragua had
agreed that for each SME of exports of cotton and MMF woven trousers entered
under the TPL, Nicaragua would export to the U.S. an equal amount of cotton and
MMF woven trousers made of U.S. formed fabric of U.S. formed yarn.
For 2007, the shortfall in meeting the one-to-one commitment was
12,102,954 SME, and this amount is being deducted from the 2008 TPL, resulting
in the reduced TPL listed above.)
With this decrease,
the TPL is 53.23% filled, using June 27, 2008 data.
¹DR-CAFTA is also abbreviated as "CAFTA-DR."
(See ITT's Online Archives or
12/27/07 news, (Ref: 07122725), for BP summary of U.S. Customs and Border
Protection's announcement of the 2008 Nicaragua TPL.
See ITT's Online Archives or
08/01/07 news, (Ref: 07080115), for BP summary of the similar decrease in the
2007 Nicaragua TPL.
See ITT's Online Archives or
08/11/06 news, (Ref: 06081115), for BP summary of the Nicaragua TPL provisions
in P.L. 109-280.)
CITA contact – Richard Stetson
(202) 482-3400
CITA notice (FR Pub 06/27/08)
available at http://edocket.access.gpo.gov/2008/pdf/E8-14638.pdf.
Published in ITT on July 01, 2008 | [Ref: 08070130] |
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