Increased Volume of Knit Apparel from Haiti Eligible for Duty-Free Treatment for FY 2015
The Department of Commerce has announced an increase in the fiscal year 2015 tariff preference level established under the Haitian Hemispheric Opportunity through Partnership Encouragement (HOPE) Act for knit apparel manufactured in Haiti.
The Haiti HOPE Act established TPLs for imports of certain knit apparel and woven apparel manufactured in Haiti and each TPL was originally set at 70 million square meter equivalents. The Haiti Economic Lift Program established a mechanism to automatically increase either or both of these TPLs to 200 million SMEs if imports met or exceeded 52 million SMEs in one annual period (Oct. 1 through Sept. 30). DOC reports that imports under the knit apparel TPL reached this threshold in July and that as a result this TPL will increase to 200 million SMEs for the remainder of the 2014/2015 annual period.
The DOC notes that for annual period Oct. 1, 2015, through Sept. 30, 2016, both the knit and woven apparel TPLs will be set at 70 million SMEs until such time as imports under either or both TPLs reach or exceed 52 million SMEs.