Obama Approves 800 Import Tariff Reductions, Including Viscose Staple Fiber And So On.
In August 11th, US President Obama signed a bill authorizing the exemption from import duties of 800 annexes, including parts of the United States.
Textile and garment enterprises
Used in the production of finished products.
Man-made fiber
Products.
The United States does not produce such exemption attachments, so it does not compete with domestic enterprises. However, the import of these accessories can enhance domestic companies in the United States.
Competitive power
。
This legislation extends the tariff reduction measures which expired in January 1, 2010 for one year.
The abolition of tariffs will take effect from August 11th. Tax-free measures will be traced back to the beginning of the year for products that had been approved earlier but not yet extended tariff concessions.
The legislation of tax exemption annexes is generally considered uncontroversial. However, due to the disagreement over the issue of funds and the special requests made by members of Congress, this legislation has not passed the usual congressional hearings and debates. Therefore, the passage of legislation has been postponed.
The legislation includes some artificial acrylic and viscose staple fibers and filaments, which have been granted tariff free access to the US market in recent years.
This legislation provides support for us textile and garment manufacturers.
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