25 Sept 2015
Import Fee on Cotton and Cotton-Containing Products to be Decreased
The U.S. Department of Agriculture's Agricultural Marketing Service has issued a direct final rule lowering the assessments paid by importers of cotton and cotton-containing products under the Cotton Research and Promotion Order. These assessments are being reduced from US$0.012728 per kilogramme to $0.012013/kg, reflecting a decrease in the average weighted price of upland cotton received by U.S. farmers in 2014. 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.
The AMS is also amending 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be effective as of 2 November unless significant adverse comment is received by 5 October, in which case it will be withdrawn and all public comments will be addressed in a final rule based on a proposed rule the AMS is issuing concurrently with the direct final rule.