Nearly 3,500 Petitions for Duty Suspensions or Reductions Listed in Preliminary MTB Report
The International Trade Commission has submitted to Congress its preliminary report on the petitions for duty suspensions and reductions that have been filed with the ITC under the revamped miscellaneous trade bill process. This report lists 3,479 petitions covering products in categories such as chemicals (53.4 percent of petitions filed), machinery and equipment (20.6 percent), textiles, apparel, and footwear (16.7 percent), and natural resources and agriculture (9.4 percent).
These petitions are characterized as follows.
- meets the statutory requirements for inclusion in an MTB without modification (category I, 874 petitions)
- meets the statutory requirements with specified technical changes (category II, 1,229 petitions), adjustments in the amount of duty suspension or reduction (category III, 526 petitions), or modifications in product scope (category IV, 3 petitions)
- does not contain the required information or was not filed by a likely beneficiary (category V, 42 petitions)
- not recommended for inclusion in an MTB because the product description could not be administered, a domestic producer objected, or the estimated duty revenue loss was more than $500,000 per year (category VI, 805 petitions)
The ITC is accepting additional public comments on section VI petitions from June 12 through June 22.
The ITC expects to deliver its final report to Congress by Aug. 9. Congress will make the final decision regarding those imported articles that will be included in a final MTB.
Customs and trade law firm Sandler, Travis & Rosenberg has helped companies save millions of dollars through the MTB process. For more information, please contact David Olave at (202) 730-4960.