The International Trade Commission has received more than 4,000 petitions seeking new or continued temporary duty suspensions or reductions under the miscellaneous trade bill process. ITC staff is reviewing these petitions and posting here those that meet statutory filing criteria.
The ITC states that the next step in the MTB process is the public comment phase, which will open Jan. 10 and run through Feb. 24. All comments must be filed through the MTB petition system portal and will be visible there to the public.
After the comment period the ITC will submit a final list of approved petitions to Congress, which could approve the MTB in the fall of 2020.
MTBs suspend or reduce most-favored-nation duties (i.e., not those imposed under provisions such as Section 301) on imported inputs and products for which there is no or insufficient domestic production and availability. Each approved duty modification can result in savings of up to $500,000 per year.
Customs and trade law firm Sandler, Travis & Rosenberg has helped companies save millions of dollars through the MTB process. For more information, please contact trade consultant David Olave at (202) 730-4960.
Copyright © 2021 Sandler, Travis & Rosenberg, P.A.; WorldTrade Interactive, Inc. All rights reserved.