ANNOUNCEMENT 03 Sep 2015In September 2015, the government of the United States of America announced a change in import duties.
NUMBER OF INTERVENTIONS
In a direct final rule published in the Federal Register on September 3, 2015, the Department of Agriculture's Agricultural Marketing Service (AMS) lowered the assessments paid by importers of cotton and cotton-containing products under the Cotton Research and Promotion Order. These assessments had been set at $0.012728/kg, but are being reduced to $0.012013/kg (i.e., a 5.6% cut) in order to reflect 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 programs designed to increase consumer demand for upland cotton in domestic and international markets.
This rule will be effective as of November 2, 2015 unless significant adverse comment is received by October 5, 2015, in which case it will be withdrawn and all public comments will be addressed in a final rule based on a proposed rule the AMS is issuing concurrently with the direct final rule.