In an important milestone for the U.S. agrichemical industry, companies are expected to save millions of dollars due to a temporary duty suspension enacted by the U.S. International Trade Commission. There have not been any duty suspensions in the USA since they expired on Dec. 31, 2012.
Jim DeLisi of Fanwood Chemicals has identified the companies that have been nominated for temporary duty suspension/reduction. Please see the list here.
For additional information, please contact Jim DeLisi, or simply click on the petition number in the file, which will take you directly to the USITC website (USITC.gov) where more information can be found, and once registered, is free.
The timeline laid out in the legislation that implemented this program is as follows:
- 1/12/2017: USITC to publish a list of all “accepted” petitions requesting comments.
- 2/26/2017: 45-day comment period ends.
- 5/15/2017: USITC lead preliminary report, with input from Depart of Commerce and Customs is due to be sent to the committees of jurisdiction – House Ways & Means committee and Senate Finance Committee.
- 8/15/2017: Final report to Congress is due.
- Last step: Congress passes; President signs legislation to implement approved duty suspensions/reductions. Hopefully, this action will be accomplished before 1/1/2018. All of the business lobbying groups in DC, likely led by NAM (National Association of Manufacturers), will be forcefully behind the effort to get this legislation passed.
The process for requesting duty suspensions ended on Dec. 12. It is possible that USITC, Customs and/or the Depart of Commerce will contact other potentially interested parties that they can identify directly as they diligently work to carefully review all of these nominations. Most importantly, they will be working to be sure that none of these requests negatively impact any U.S. businesses.
V.M. (Jim) DeLisi, Fanwood Chemical, Inc. [email protected] +908-322-8440
Jim DeLisi is President of Fanwood Chemical, Inc. and has been with the company for 38 years. He has expertise in the tracing of imports and exports, both here and abroad, the sale of specialty chemicals and intermediates internationally, as well as the marketing of toll manufacturing capabilities.