Congress Approves Reform Process for Miscellaneous Tariff Bills
Congress has approved the reform process for developing and enacting Miscellaneous Tariff Bills (MTBs). This decision affords the opportunity for individual companies to submit requests for a duty reduction or suspension on goods that aren’t produced domestically and don’t have a competing product reduced competitively and on good for which the tariff revenue loss is under $500,000. This potential of reduced or suspended tariffs is designed to help increase the importer’s competitiveness. For more information on this measure please visit http://trade.gov/mas/ian/ustradelaws/tg_ian_002077.asp.
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