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CBP Finalizes Regulations Implementing U.S.-Korea FTA

Thursday, May 30, 2013
Sandler, Travis & Rosenberg Trade Report

U.S. Customs and Border Protection has adopted as final, with two technical corrections, a March 2012 interim rule amending its regulations to implement the preferential tariff treatment and other customs-related provisions of the U.S.-Korea Free Trade Agreement, which entered into force March 15, 2012. These regulations address the procedures for claiming preferential treatment under the Korea FTA, import and export requirements, post-importation duty refund claims, rules of origin, origin verifications and determinations, penalties, retroactive preferential tariff treatment for textiles and apparel, and goods returned after repair or alteration, among other things.

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