Assessments paid by importers of cotton and cotton-containing products under the Cotton Research and Promotion Order will jump 18.7 percent under a direct final rule issued by the Department of Agriculture’s Agricultural Marketing Service. Assessments will be increased from $0.011136/kg to $0.013215/kg to reflect an increase in the weighted average price of upland cotton received by U.S. farmers in 2021.
This rule also amends the Import Assessment Table, which indicates the total assessment rate due for each HTSUS number subject to assessment, to reflect this change.
This rule will be effective as of Nov. 28 unless significant adverse comment is received by Oct. 28, in which case it will be withdrawn.
For more information, please contact ST&R’s textile and apparel practice leader Elise Shibles at (415) 490-1403 or via email.
Copyright © 2024 Sandler, Travis & Rosenberg, P.A.; WorldTrade Interactive, Inc. All rights reserved.