ANNOUNCEMENT 02 May 2014In May 2014, the government of the United States of America announced a change in private-sector financial support.
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Section 12314 of the Agricultural Act of 2014 (Pub. L. 113-79) established a Pima Agriculture Cotton Trust Fund, comprised of funds transferred from the Commodity Credit Corporation in annual amounts equal to $16,000,000 for each of calendar years 2014 through 2018. The stated purpose of the Trust Fund is to reduce the injury to domestic manufacturers resulting from tariffs on cotton fabric that are higher than tariffs on certain apparel articles made of cotton fabric.
In a Federal Register notice published on May 2, 2014 (Volume 79, Number 85), the Foreign Agricultural Service (FAS) announced that it will accept claims from eligible individuals or firms regarding distributions from the Trust Fund, and that all claims and affidavits for calendar year 2014 distributions must be electronically filed with FAS no later than June 2, 2014.
As provided under the law, payments are available to (1) nationally recognized associations established for the promotion of pima cotton for use in textile and apparel goods; (2) yarn spinners of pima cotton that produce ring spun cotton yarns in the United States; and(3) manufacturers who cut and sew cotton shirts in the United States who certify that they used imported cotton fabric during calendar year 2013.