CHAPTER XXI IMPORT QUOTAS

Slides:



Advertisements
Similar presentations
WTO AGREEMENT ON AGRICULTURE: LEGAL AND CONCEPTUAL ISSUES
Advertisements

Carbaugh, Chap. 5 1 Why restrict trade? Benefits of free trade in final goods are spread widely Tariffs on intermediate inputs tend to be low Costs of.
In this chapter, look for the answers to these questions:
Export Regulations. These are sanctioned by governments to regulate exports for a number of reasons amongst which are health, environment and strategic.
Price Undertakings Under U.S. Antidumping Duty Law Prepared by Import Administration, U.S. Department of Commerce for the June 2 nd Korea Trade Commission’s.
Doing Business in Korea October 22, 2008 Ken Nye, Commodity Specialist Michigan Farm Bureau.
CEEC's seminars 1 Exporting from and importing to the EU: « regulatory and operational aspects » The EU Common Market Organisation for Milk Presentation.
Free Trade? Despite policy reforms enacted as a result of the Uruguay Round Agreement on Agriculture, global dairy markets remain among the most protected.
Check Export Requirements Department of Commerce, Bureau of Industry & Security (formerly Bureau of Export Controls) What types.
Kenneth C. Clayton Associate Administrator Agricultural Marketing Service U.S. Department of Agriculture OPPORTUNITIES FOR ECONOMISTS IN THE AGRICULTURAL.
1 Chapter 9 part 1 International Trade These slides supplement the textbook, but should not replace reading the textbook.
Tariffs © 2011 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a.
Business-Government Trade Relations. © Prentice Hall, 2006International Business 3e Chapter Chapter Preview Describe the political, economic and.
1 DIRECTORATE INTERNATIONAL TRADE AMERICAS AND ASIA DESK PRESENTED BY: Mr. A Mohapi AUGUST 2009.
Chapter 17SectionMain Menu Why Nations Trade Take a look at your stuff. Clothes, backpacks, calculators etc. Where was it made? List the countries. Why.
Chapter 6 Business-Government Trade Relations. © Prentice Hall, 2008International Business 4e Chapter Describe the political, economic, and cultural.
Business Management Agenda Journal Entry Chapter 7 Notes Export/Import Activity.
Import Procedures and Techniques Section VII. Import Regulations, Trade Intermediaries, and Services.
TOWN OF ISLIP FOREIGN TRADE ZONE AUTHORITY Administrators of Foreign Trade Zone No.52.
Amendment to the Lacey Act November 13, Like Minds Think A Like!  Will my overseas partners understand the importance of providing the required.
CHANGES IN FOREIGN TRADE RULES 2007 KARLA CARDENAS.
TRALAC ANNUAL CONFERENCE WTO/EPA ISSUES 13 October 2005 Cape Town, South Africa Paulina M. Elago Deputy Director: TFCBP TRADE HUB GABORONE.
Examination of Potential Expansion with Current Trade Partners.
NEI Workshop Understanding the HTSUS General Rules of Interpretation NCBFAA 41 st Annual Conference April 23, 2015 Orlando FL.
Lacey Act Recent Changes
Chapter 6 TRADE BARRIERS & REGULATION By Madelynn Esquivias, Hang Cui, & Leila Salarpour.
The Utility Consumer Bill of Rights Information About the Rights and Responsibilities of Utility Consumers in the District of Columbia DC Office of the.
4.6 International Contracting. International Contracting The policies and procedures that govern the acquisition and sale of goods and services with foreign.
1 CHAPTER VI BUSINESS- GOVERNMENT TRADE RELATIONS INTERNATIONAL BUSINESS.
1 CHAPTER XXI IMPORT QUOTAS  Tariff-rate Quotas  Absolute Quotas.
Andrea M. Ewart, Esq. DevelopTradeLaw, LLC May, 2014.
United States Department of Agriculture Foreign Agricultural Service Foreign Agricultural Service Linking U.S. Agriculture to the World Daniel B. Whitley,
Export Documentation Process to take advantage of AGOA/GSP
CUSTOMS PROCEDURES. What is customs ? Customs is an authority or agency in a country responsible for collecting customs duties and for controlling the.
Transit and Transshipment Wassenaar Arrangement on Export Controls for Conventional Arms and Dual-Use Goods and Technologies WA Practical Workshop, June.
Understand Business in the Global Marketplace
PRESENTATION OF MONTENEGRO
PRESENTATION OF MONTENEGRO
The Entry Process for Imports
International Economics By Robert J. Carbaugh 10th Edition
International Economics
Foreign-Trade Zones Overview
What is it supposed to do? Do you think it has been successful?
Chapter 17 International Trade.
Texas Vegetable Assn. Mid-Year Meeting McAllen, Texas June 17, 2004
Impacts of trade on Minnesota agriculture
THE EU - EGYPT ASSOCIATION AGREEMENT AND AGRICULTURAL PRODUCTS
International Economics By Robert J. Carbaugh 9th Edition
GEOP 4355 Supply Networks: Global Sourcing & Outsourcing
Quantitative restrictions: article XI GATT
The Global Marketplace
3.2 The Global Marketplace
Allocation of Duty-free import quotas
CHAPTER 4 GLOBAL ANALYSIS
SADC FREE TRADE ARRANGEMENT BENEFITS & OPPORTUNIES
თეორიის პრაქტიკული გამოყენება: საერთაშორისო ვაჭრობა
Holiday Inn Capitol/American Farm Bureau Federation
CHAPTER XXIII FOREIGN TRADE ZONES
INTERNATIONAL BUSINESS
Let’s look at TRADE!!!!!! Why do we trade? Is trade good or bad ?
Tariffs on Chinese Imports: What is the Economic Impact?
UPDATED ACE TRANSITION TIMELINE
Harford County Sheriff’s Office 287(g) Program
Cooperation and Trade Barriers
The Global Marketplace
Marketing Management 2 Miss/ Eman Elfar
International Trade Chapter 17.
SADC FREE TRADE ARRANGEMENT BENEFITS & OPPORTUNIES
Chapter 6 Business-Government Trade Relations
Implementing the Single Window through the Automated Commercial Environment (ACE)
Presentation transcript:

CHAPTER XXI IMPORT QUOTAS Tariff-rate Quotas Absolute Quotas

IMPORT QUOTAS A quantity control on imported merchandise for a certain period of time In determining quota priority for merchandise subject to quota Entry summary or warehouse withdrawal for consumption submitted Merchandise located within the port limit Quota is opened at 12 noon E.S.T. on the designated effective date. For most quota products: January 1. Sugars, cocoa powder: October 1 Peanuts: April 1

Tariff-rate Quota Allows importations of a specified quantity of the quota product at a reduced rate of duty (in-quota rate) during a given period Quantities entered in excess of quota pay a higher rate of duty (over-quota rate) No limitation on the quantity of product to be entered Products under Tariff-rate Quota per Harmonized Tariff Schedule of the U.S. Whiskbrooms (9603.10.05): 61,655 dozen Other Brooms (9603.10.40): 121,478 dozen Valued not over 96¢ each In-quota rate 8% (General). Over-quota rate 32¢ each (General),

Tariff-rate Quota Ethyl Alcohol (9901.00.50): 875.4 million gallons Mandarins (Satsumas) (2008.30.42) in airtight containers: 40,000 M/T Free (General), 0.28¢/kg (General) Olives in a saline solution, Not pitted (2005.70.02): 730 M/T Olives in a saline solution, Pitted (2005.70.16): 2,700 MT Tuna fish (1604.14.22), not in oil, in airtight container: 4.8% of U.S. consumption during previous year 6% (General), 12.5% (General) Upland cotton (9903.52.00): USDA's Global Import Quota Announcement

Tariff-rate Quota Tariff-rate Quota per General Agreement on Tariffs and Trade Presidential Proclamation 6763 by Pres. Clinton implementing the General Agreement on Tariffs and Trade (GATT) Uruguay Round Agreement Quota quantity per Additional U.S. Notes In-quota duties in pertinent chapter of HTSUS Over-quota duties: In-quota duties plus additional duties per Chapter 99 Subchapter 4(9904)

Tariff-rate Quota Products under Tariff-rate Quota per GATT Animal feeds (Chap. 23, Additional U.S. Note 2) Beef (Chap. 2, Additional U.S. Note 2) Chocolate (Chap. 18, Additional U.S. Note 2) Cocoa Powder (Chap. 18, Addi. U.S. Note 1) Cotton (Chap. 52, Addi. U.S. Note 5,6,7,8,10) Dairy Products (Chap. 4.. Addi. U.S. Note 10) Ice Cream (Chap 21, Addi. U.S. Note 5) Infant Formula (Chap. 19, Addi. U.S. Note 2)

Tariff-rate Quota Products under Tariff-rate quota per GATT (continued) Milk and Cream (Chap. 4, Addi. U.S. Note 5, 11) Milk, Dried (Chap. 4, Addi. U.S. Note 9, 12) Peanut Butter (Chap. 20, Addi. U.S. Note 5) Peanuts (Chap. 12, Addi. U.S. Note 2) Sugars (Chap. 17, Addi. U.S. Note 2) Tobacco (Chap. 24, Addi. U.S. Note 5)

Absolute Quota Limits the importable quantity for a year Quantities in excess of a specified quota Reexported or Warehoused at the bonded warehouse for entry in a subsequent year Agricultural products which had been under Absolute Quota previously became Tariff-rate quota products per P.P. of 12/23/1994 Absolute quotas for textile articles and wearing apparel ended 12/31/ 2004. Currently no products subject to Absolute Quota.

Import Quota Status Current status of Quota: U.S. Customs and Border Protection Office of Field Operations Quota Enforcement and Administration Branch 1300 Pennsylvania Ave., NW Washington, DC 20229 Website: www.cbp.gov/trade/quota Email: hq.quota@cbp.dhs.gov Telephone: 202-863-6560 Fax: 202-863-6540

Quota Administered by Other Government Agencies Watch & Watch Movements Produced in insular possessions (U.S. Virgin Islands, American Samoa, Guam) Duty-free entry Administered by U.S. Dept. of Commerce & Dept. of Interior Statutory Import Programs Staff International Trade Administration U.S. Dept. of Commerce Washington, DC 20230 Tel: 202-482-1661

Quota Administered by Other Government Agencies Dairy Products: Annual import quotas administered by U.S. Dept. of Agriculture (USDA) May be imported at the in-quota duty rate only under import licenses issued by USDA Dairy Import Group Foreign Agricultural Service U.S. Dept. of Agriculture Washington, DC 20250 Tel: 202-720-9439