20 Aug 2018
Cotton Import Fee to be Increased
Assessments paid by importers of cotton and cotton-containing products under the Cotton Research and Promotion Order will rise 3.4 percent under a direct final rule issued by the U.S. Department of Agriculture’s Agricultural Marketing Service. 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be effective as of 16 October unless significant adverse comment is received by 17 September, in which case it will be withdrawn.
Assessments will be increased from US$0.011510/kg to US$0.011905/kg to reflect an increase in the average weighted price of upland cotton received by U.S. farmers in 2017. The revenues generated by these assessments are used to finance research and promotion programmes designed to increase consumer demand for upland cotton in the U.S. and international markets.