The U.S. and Korea have reached preliminary agreement on proposed modifications to the KORUS rules of origin for the following textile and apparel goods.
- cotton yarns (under HTSUS heading 5206) with viscose rayon staple fibers (under subheadings 5504.10 or 5507.00)
- woven fabrics (under heading 5408) with cuprammonium rayon yarns (under heading 5403.39)
- apparel (under heading 6110), accessories and parts (under heading 6117) of certain cashmere yarns (under heading 5108)
The International Trade Commission has instituted an investigation into the probable economic effect of these changes. No public hearing is planned for this investigation but written submissions are due by March 29. The ITC expects to send its report to the Office of the U.S. Trade Representative by June 24.
For more information on FTA rules of origin and how to comply, please contact Nicole Bivens Collinson at (202) 730-4956 or Elise Shibles at (415) 490-1403.
Copyright © 2023 Sandler, Travis & Rosenberg, P.A.; WorldTrade Interactive, Inc. All rights reserved.